NMDC PAYS RS. 39 CRORE DIVIDEND TO GOVT

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National Mineral Development Corporation (NMDC), a public sector undertaking of the Steel Ministry paid Rs. 39 crore dividend to the Government for the year 2002-03. This is 30 per cent of the paid up capital of nearly Rs. 132 crore. The company paid Rs. 33.04 crore dividend for the year 2001-02, 25 per cent of its paid up capital. The Chairman-cum-Managing Director, NMDC Shri S.K.Agrawal today handed over a cheque for Rs, 39,00,66,138/- to the Minister for Steel Shri Braja Kishore Tripathy.

NMDC achieved a total turnover of Rs. 1293.43 crore during 2002-03 against Rs. 1268 crore during the previous year. It earned a net profit of Rs. 312.2 crore against Rs. 256.55 crore during 2001-02.