Team News Riveting
Hyderabad, May 27
The board of Directors of NMDC Limited has recommended a dividend of Rs 1.50 per share with the face value of Rs 1 each for the year ended March 31, 2024.
The Mining major’s board of Directors met on Monday to consider the financial results and dividend for the financial year 2023-24. Company’s consolidated revenue surged 10.9 percent year-on-year (YoY) to Rs 6,489.31 crore in the fiscal ended March 31, 2024. On a quarter-to-quarter (QoQ) basis, the revenue rose 20 percent.
“Recommended the payment of Final Dividend of Rs. 1.50 (Rupee One and fifty paise only) per share on the face value of Rs. 1/- each for the financial year 2023-24, subject to approval of the shareholders in the ensuing Annual General Meeting (AGM),” NMDC Limited said in a regulatory filing. This is in addition to the Interim Dividend of Rs. 5.75 per equity share already declared and paid during the financial year, the company said.
The said Final Dividend, if declared at the ensuing AGM, will be paid to the shareholders within 30 days from the date of AGM.
