National Aluminium Company has officially confirmed the award of a major Mine Development and Operations (MDO) contract worth ₹5032.00 crores to Dilip Buildcon Limited for the Pottangi Bauxite Mines. The formal announcement, made through a stock exchange filing, represents one of the largest mining contracts in the infrastructure sector and establishes a long-term strategic partnership between the two companies.

Official Contract Confirmation

National Aluminium Company formally communicated the contract award details to stock exchanges, providing comprehensive information about this significant business development. The official documentation confirms Dilip Buildcon Limited as the L-1 bidder for this prestigious mining contract.

Comprehensive Project Scope

The MDO contract encompasses the complete development and operation of Pottangi Bauxite Mines along with Overland Conveyor Corridor (OLCC) and allied facilities. This comprehensive scope demonstrates the strategic importance of the partnership and Dilip Buildcon's capabilities in managing large-scale mining operations.

Regulatory Compliance and Transparency

National Aluminium Company's official filing confirms that the promoter/promoter group/group companies have no interest in Dilip Buildcon Limited, ensuring complete transparency in the contract award process. The company has also confirmed that this transaction does not fall within related party transactions, maintaining regulatory compliance standards.

Strategic Significance

The official confirmation of this ₹5032.00 crore contract provides substantial revenue visibility for Dilip Buildcon over the 25-year period. For National Aluminium Company, this partnership ensures efficient mining operations at the Pottangi Bauxite Mines with fixed base mining charges of ₹423.00 per ton, providing cost predictability and operational clarity for the long-term engagement.

NALCO , a Navratna CPSE under the Ministry of Mines, has set a new benchmark in its dividend payout for the financial year 2024-25. The company has distributed a total dividend of Rs 1,928.46 crore, with the Government of India receiving a substantial share of Rs 988.88 crore, marking the highest dividend ever paid by NALCO.

Record-Breaking Dividend Payout

The dividend cheque was presented to Union Minister of Coal and Mines, G. Kishan Reddy, by NALCO's CMD Brijendra Pratap Singh in New Delhi. The ceremony was attended by key officials, including Piyush Goyal, IAS, Secretary, Ministry of Mines, along with NALCO's Director (Production) Pankaj Kumar Sharma and Director (Finance) Abhay Kumar Behuria.

Consistent Financial Performance

NALCO has demonstrated a remarkable track record of profitability and dividend declarations since it began commercial operations in 1987. The company has been consistently profitable and has declared dividends every year since 1992. To date, NALCO's cumulative dividend payout stands at Rs 14,331.00 crore, with the Government of India receiving Rs 9,556.00 crore as its share.

Government Stake and Recent Performance

The Government of India currently holds a 51.28% equity stake in NALCO. The company's recent financial performance has been particularly strong, with robust results in the first half of the current financial year. Following its quarterly results in Q2 FY2025-26, NALCO has also declared an interim dividend for FY2025-26.

FY2025-26 Interim Dividend

For the ongoing financial year 2025-26, NALCO has announced an interim dividend of Rs 4.00 per equity share, which represents 80% of the face value of Rs 5.00 per share. This interim dividend amounts to Rs 734.65 crore.

Dividend Details

NALCO's consistent dividend payouts and strong financial performance underscore its position as a key player in India's aluminium industry and its significant contribution to the government's revenue. The company's ability to maintain profitability and increase shareholder returns, even in challenging market conditions, reflects its operational efficiency and strategic management.