SPMCIL pays dividend of Rs. 240.41 crore to Government of India for FY 2020-21

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SPMCIL pays dividend to Government of India

Delhi, Jan 4
The Security Printing and Minting Corporation of India Limited (SPMCIL) has paid a Final Dividend of Rs. 240.41 crore to Government of India for F.Y. 2020-21 being 5% of Net worth of the Company as at 31st March 2021 [57% of Profit after Tax (PAT) for F.Y. 2020-21) in compliance of DIPAM guidelines.

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman received the dividend cheque from SPMCIL by Tripti P. Ghosh, CMD, and Ajay Agarwal, Director (Finance), in presence of Ajay Seth, Secretary, Department of Economic Affairs (DEA) and Meera Swarup, Special Secretary & Financial Advisor, Ministry of Finance.

SPMCIL has achieved the targets in the production of bank notes, coins, security paper, passports, security inks and other security products during the year 2020-21. SPMCIL has produced 8,288 million pieces of the Bank Notes, 2,757 million pieces of circulating coins, 6,870 Metric Ton (MT) Security Paper, 600.42 Metric Ton (MT) of security inks in 2020-21.

During the year 2020-21, the Revenue from Operations of the Company is Rs. 4,712.57 crore and Profit before Tax is Rs. 789.74 crore.

SPMCIL is a Schedule-‘A’ Miniratna Category-I CPSE, wholly owned by Government of India under the administrative control of Department of Economic Affairs (DEA), Ministry of Finance.

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