NALCO pays Rs. 988.88 crore as dividend to Government of India for FY 2024-25

By A.K. Sahoo

Bhubaneswar, Nov. 12: National Aluminium Company Limited (NALCO), a Navratna Central Public Sector Enterprise (CPSE) under the Union ministry of mines, on Wednesday paid a record dividend of Rs 1,928.46 crore for the financial year 2024–25, including the Government of India’s share of Rs 988.88 crore, the highest-ever dividend paid by the Company.

The dividend cheque of Rs 988.88 crore for FY 2024–25 was handed over to G. Kishan Reddy, Union minister of coal and mines, by NALOC chairman-cum-managing director (CMD) Brijendra Pratap Singh, in New Delhi, in the presence of secretary Piyush Goyal.

NALCO, which commenced commercial operations in 1987, has consistently earned profits and declared dividends since 1992. To date, the Company has paid a cumulative dividend of Rs 14,331 crore, of which Rs 9,556 crore has been remitted to the Government of India, which currently holds 51.28 per cent equity in NALCO.

It is noteworthy that during the first half of the current financial year, NALCO delivered robust physical and financial performance. Following the exceptional results in Q2 FY 2025–26, wherein the company achieved its best-ever quarterly and half-yearly performance, NALCO has declared an interim dividend of Rs 4 per equity share (i.e., 80 per cent on the face value of Rs 5 each), amounting to Rs 734.65 crore for FY 2025–26.