the company has decided to pay Rs 232 crore as 18% interim dividend
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National Aluminium Company Limited Stock News, Analyst Calls And Reviews
State owned aluminium company National Aluminium Company Limited (NALCO) has laid an objective of a sales revenue of about Rs 7073 crore during the 2012-13 financial that is Rs 500 crore higher than that of the existing fiscal.
The company has inked a MoU with the Ministry of Mines regarding physical and financial aims for the 2012-13 financial.
As regards physical performance, National Aluminium Company Limited has planned yearly production objective of 63 lakh tonnes for Bauxite and 21 lakh tonnes of Alumina Hydrate from its Mines & Refinery Complex at Damanjodi.
The company has decided to make an investment of Rs 2,343 crore in the coming financial (2012-13), 76% incraese in capital expenditure over FY2012 to boost capacitance.
As per 2012-13 Budget papers, a disinvestment candidate for the administration's Rs 30,000 crore mop up objective, the company expended Rs 1,333 crore in 2011-12.
Besides, the company on March 20 announced that its directors have approved interim dividend of Rs 0.90 a share on the paid-up equity share capital of Rs 1288.62 crore for the fiscal 2011-12.
The stock looks good for medium or long term investment.
The investors can buy the stock on declines.
the company has decided to pay Rs 232 crore as 18% interim dividend
NALCO pays INR 202 crore as interim dividend to government
