SPMCIL pays dividend of Rs 204 cr for FY 2017-18

Security Printing and Minting Corporation of India Limited (SPMCIL), a Mini-Ratna Category-I, Schedule ‘A’ Central Public Sector Enterprise (CPSE), was incorporated on January 13, 2006 to manage four India Government Mints, two Currency Presses, two Security Presses and one Security Paper Mill, which were earlier being managed directly by the Government of India (Department of Economic Affairs, Ministry of Finance). The Corporation is wholly owned by the Central Government with authorized share capital of Rs 2500 crores and paid-up share capital of Rs 1064.24 crores as on March 31, 2018.

Security Printing and Minting Corporation of India Limited (SPMCIL) is the country sole supplier of coins, passports, postal stationeries, non-judicial stamp papers & other security products and supplier of circulating notes. It announced a dividend of 5% of Net Worth of the company as on 31st March, 2018 for financial year 2017-18.

Tripti P Ghosh, CMD SPMCIL presented the cheque of Rs 204,87,15,390/- to Union Minister Finance Arun Jaitely towards dividend declared by SPMCIL for the financial year 2017-18 at a brief function held at Delhi on Tuesday. The Minister congratulated CMD, SPMCIL and the Board of Directors of SPMCIL for the performance.