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NRL presents Rs 95.63-crore dividend to Assam Government

NRL today presented the 2nd interim dividend cheque of Rs 95.63 crore to the Government of Assam, for the FY 2021-22 for its equity stake of 26% in the company.

NRL

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  3 April 2022 2:06 AM GMT

GUWAHATI: NRL today presented the 2nd interim dividend cheque of Rs 95.63 crore to the Government of Assam, for the FY 2021-22 for its equity stake of 26% in the company.

NRL Director (Technical) and MD in-charge Bhaskar Jyoti Phukan presented the cheque to Chief Minister Himanta Biswa Sarma in the presence of Industries Minister Chandra Mohan Patowary, NRL Director (Finance) Indranil Mittra; independent NRL directors Dr S Lamare, Gagann Jain, Sudip Pradhan, Priyambada Keshri and other senior officials of the Company at the State Secretariat.

Earlier on 16th March 2022, the Board of Directors of NRL had approved the payment of the 2nd interim dividend for the Financial Year 2021-22 @50% on the paid-up share capital of Rs 735.63 crore (i.e. Rs 5.00 per fully paid equity shares of Rs 10 each) to the shareholders based on the profit of the company up to the 3rd quarter ending 31st December 2021. Accordingly, the dividend payable to the Government of Assam against its 26% shareholding amounts to Rs 95.63 crore.

The 1st interim dividend for the Financial Year 2021-22 amounting to Rs 86.35 crore was paid to the Government of Assam as a part of its equity holding of 23.48% of the paid-up share capital of Rs 735.63 crore on 29th November 2021.

NRL continues to contribute to the development of Assam as one of the leading Public Sector Enterprises headquartered in the State, a press release said.

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