Four major companies are set to trade ex-dividend, with a record date of September 19, 2025. Investors looking to capitalize on these dividend payments must purchase shares before the ex-dividend date to be eligible. Let's take a closer look at the dividend announcements and their implications for each company.

Mazagon Dock Shipbuilders

Mazagon Dock Shipbuilders has announced a dividend of Rs 2.71 per share, subject to approval at the Annual General Meeting (AGM). At the current share price of Rs 2,993.00, this translates to a dividend yield of 0.09%.

National Aluminium Company (NALCO)

NALCO has declared a dividend of Rs 2.50 per share. With the company's share price at Rs 213.26, shareholders can expect a substantial dividend yield of 1.17%.

Bharat Dynamics Limited (BDL)

Bharat Dynamics has announced a dividend of Rs 0.65 per share. At the current share price of Rs 1,624.00, this results in a dividend yield of 0.04%.

MOIL Limited

MOIL has set a dividend of Rs 1.61 per share. With the company's share price at Rs 353.95, investors can anticipate a dividend yield of 0.45%.

Dividend Yields Comparison

Investors should note that these dividends offer varying yields, with NALCO providing the highest at 1.17% and Bharat Dynamics the lowest at 0.04%. MOIL and Mazagon Dock fall in between with yields of 0.45% and 0.09%, respectively.

It's crucial for potential investors to remember that to be eligible for these dividend payments, they must purchase shares before the ex-dividend date. After this date, new buyers of the stock will not receive the upcoming dividend payment.

As always, investors are advised to consider their overall investment strategy and conduct thorough research before making any investment decisions based solely on dividend announcements.

A high-end aluminium alloy project in Andhra Pradesh, developed by the joint venture Utkarsha Aluminium Dhatu Nigam Ltd between NALCO and Mishra Dhatu Nigam Limited (MIDHANI), has been deemed commercially unviable, casting uncertainty over its future.

Project Overview

The proposed facility, with a planned capacity of 60,000 tonnes per annum, was established in August 2019 with the aim of producing high-end aluminium alloys for the defence, aerospace, and automobile sectors. The primary goal was to reduce India's import dependency in these critical areas.

Challenges Faced

Several factors have contributed to the project's commercial unviability:

1. Lack of Demand: The market demand for high-end aluminium alloys has not met expectations.
2. Low Per Capita Aluminium Consumption: India's overall aluminium usage remains low, affecting the potential market size.
3. Limited Aluminium Localization: The aerospace, defence, marine, and automotive sectors in India have shown lower than anticipated adoption of locally produced aluminium alloys.

Current Status

Both the Ministry of Mines and the Ministry of Defence have reviewed various scenarios for the project. Discussions are currently underway regarding the potential closure of the venture, although a final decision is still pending.

Land Acquisition

Despite the challenges, the joint venture had already acquired 110 acres of land in Nellore, Andhra Pradesh, for the facility. This land acquisition highlights the initial commitment to the project and the potential implications of its closure.

Implications

The potential shelving of this project could have significant implications:

1. It may impact India's efforts to reduce import dependency in critical sectors.
2. The situation underscores the challenges in aligning industrial projects with market demands.
3. It raises questions about strategies to boost domestic aluminium consumption and localization in key industries.

As stakeholders await the final decision, the fate of the NALCO-MIDHANI joint venture serves as a case study in the complexities of establishing high-tech manufacturing capabilities in emerging markets. The outcome may influence future strategies for similar projects in India's metals and advanced materials sector.