NALCO hands over new share certificate

April 19th, 2011 - 10:55 pm ICT by IANS  

Bhubaneswar, April 19 (IANS) B.L. Bagra, the chairman-cum-managing director of the state-run National Aluminium Company Limited (NALCO) Tuesday handed over the new share certificate to union Minister of Mines Dinsha J. Patel in New Delhi, the company said here in a statement.

Post-restructuring, the government of India holds 224,599,8540 equity shares of Rs.5 each, constituting 87.15 percent of the total paid up equity capital of Rs.1,288.62 crore, the company said.

The company has also made a provision for Employees Stock Option Plan (ESOP) by amending the Article of Association.

The ESOP is planned to be issued to the executives of the company as part of performance related payment, a component of revised pay package, it said.

The Bhubaneswar-headquartered NALCO is Asia’s largest integrated aluminium producer.

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