NMDC gives dividend chque of Rs. 460. 28 crore to Government
Mining major NMDC Ltd. today handed over a dividend cheque of Rs.460.28 Crore to the government as the final dividend for the year 2008 – 09. It had earlier paid an interim dividend of Rs. 401.77 Crore. NMDC, a public sector undertaking under the Ministry of Steel has declared dividend of 221 per cent during 2008 – 09. The dividend cheque was handed over by the CMD of NMDC Shri Rana Som to the Steel Minister Shri Virbhadra Singh here today.
Replying to questions the Minister for Steel said, the Cabinet Committee on Economic Affairs is likely to take up the disinvestment in NMDC next month. Steel Secretary Shri Atul Chaturvedi who was present on the occasion said, that the public offering may yield about Rs.13,000 Crore as per the current market conditions.
Appreciating the performance of NMDC Ltd, the Minister expressed the hope that with the global economic scenario improving NMDC will perform much better in the years to come.
Mining major NMDC Ltd. today handed over a dividend cheque of Rs.460.28 Crore to the government as the final dividend for the year 2008 – 09. It had earlier paid an interim dividend of Rs. 401.77 Crore. NMDC, a public sector undertaking under the Ministry of Steel has declared dividend of 221 per cent during 2008 – 09. The dividend cheque was handed over by the CMD of NMDC Shri Rana Som to the Steel Minister Shri Virbhadra Singh here today.
Replying to questions the Minister for Steel said, the Cabinet Committee on Economic Affairs is likely to take up the disinvestment in NMDC next month. Steel Secretary Shri Atul Chaturvedi who was present on the occasion said, that the public offering may yield about Rs.13,000 Crore as per the current market conditions.
Appreciating the performance of NMDC Ltd, the Minister expressed the hope that with the global economic scenario improving NMDC will perform much better in the years to come.
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