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SPMCIL Pays INR 215.48 Crore Dividend to the Government

SPMCIL is engaged in production of currency and bank notes, security paper, non-judicial stamp papers, postal stamps, etc. The Miniratna company operates through four production verticals i.e. currency printing presses, security printing presses, security paper mill and India government mints.

January 14, 2021

SPMCIL
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State-owned Security Printing and Minting Corporation of India Limited (SPMCIL) has paid a final dividend of INR 215.48 crore to the Government of India for FY2019-20. In the previous fiscal (FY19), the Miniratna company had paid dividend of inr 218.48 crore to the central government.

The dividend, which was in compliance of Department of Investment and Public Asset Management (DIPAM) guidelines, amounts to 5 percent of net worth of the company as of March 31, 2020, and 41 percent of profit after tax for FY20.

During the year 2019-20, the revenue from operations of the company stood at INR 4,966 crore and profit before tax increased to INR 1,026.79 crore. SPMCIL has also achieved “Excellent” grading for corporate governance from Department of Public Enterprises (DPE) for the year 2019-20.

SPMCIL is engaged in production of currency and bank notes, security paper, non-judicial stamp papers, postal stamps and stationery, travel documents viz. passport and visa, security certificates, cheques, bonds, warrants, special certificates with security features, security inks, circulation and commemorative coins, medallions, refining of gold, silver and assay of precious metals, etc. It was formed in 2006 as the result of corporatization of security presses and mints functioning under the Ministry of Finance. It broadly operates through four production verticals i.e. currency printing presses, security printing presses, security paper mill and India government mints.