PSUs

SPMCIL pays Rs. 240 cr dividend to Government

By IndianMandarins- 04 Jan 2022
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spmcil-pays-rs-240-cr-dividend-to-government

New Delhi (04.01.2022): Security Printing and Minting Corporation of India Ltd (SPMCIL) has paid a Final Dividend of Rs. 240.41 crore to Government for FY 2020-21 being 5% of Net worth of the Company as at March 31, 2021 [57% of Profit after Tax (PAT) for FY 2020-21) in compliance of DIPAM guidelines.
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman received the dividend cheque. 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. 


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