January 4, 2022
1 min read

Govt mints hold strong amid Covid-19

The 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….reports Asian Lite News

Businesses around the world were struggling to cope up with running losses amid the pandemic, but the government mint was able to pay Rs 240 crore dividend to the government, an official statement said on Monday.

During the fiscal year 2020-21, the government mint, the Security Printing and Minting Corporation of India Ltd, produced 828.8 crore bank notes, 275.7 crore circulating coins, 6,870 metric tons of security paper, and 600.42 metric tons of security inks, a Finance Ministry statement said

On Monday, SPMCIL Chairman-cum-Managing Director Tripti P. Ghosh and Director, Finance, Ajay Agrawal gave the cheque of Rs 240.41 crore of the final dividend for FY. 2020-21 to Finance Minister Nirmala Sitharaman.

As per the statement, the SPMCIL has paid a final dividend of Rs 240.41 crore to the government for FY 2020-21 being 5 per cent of net worth of the Company as at March 31, 2021 – 57 per cent of profit after tax (PAT) for FY 2020-21 in compliance of DIPAM guidelines.

The 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.

During the year, revenue from operations of the company was Rs 4,712.57 crore and profit before tax is Rs 789.74 crore.

The SPMCIL is a Schedule ‘A’ Miniratna Category-I Central public sector enterprise, wholly-owned by the government and under the administrative control of Department of Economic Affairs of the Finance Ministry.

ALSO READ: Reliance’s story has no final chapter

Previous Story

RBI issues framework for digital offline payments

Next Story

Tata Motor’s shares rally on strong outlook

Latest from India News

Goyal Courts Global CEOs in Paris

Piyush Goyal is on an official trip to France with the aim of boosting trade and investments…reports Asian Lite News Commerce and Industry Minister Piyush Goyal met with leading global CEOs in

India Gains Malaysia’s Backing on Terror

The visit of the all-party delegation to Malaysia is part of India’s strategic outreach to garner international support against cross-border terrorism emanating from the soil of Pakistan….reports Asian Lite News An Indian

India Signals FTA with Oman

The talks for the free trade pact with Oman started in November 2023, and Goyal visited the Gulf country from January 27 to January 28….reports Asian Lite News Commerce and Industry Minister

180 Years of Indian Roots in Caribbean

The Indian Arrival Day is marked on 30th May, when the first ship ‘Fatel Razack’ carrying 225 Indian indentured workers reached the shores of Trinidad, then a British colony….reports Asian Lite News

Piyush Goyal Begins Europe Visit

As part of the visit, the minister will meet top leadership of major French companies such as Vicat, Total Energies, L’Oreal, Renault, Valeo, EDF and ATR….reports Asian Lite News Union Minister of
Go toTop

Don't Miss

Indian women’s hockey team beat Japan in FIH World Cup

A few minutes later Gurjit Kaur tried to give India

India urges G20 to raise startups investment to $1 tr 

India has proposed the adoption of a standard framework to