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

Pak Army Chief Targets India Again

This is not the first time that Munir has indulged in loose talk, exhibiting conduct unbecoming an officer….reports Asian Lite News Pakistan’s Chief of Army Staff (COAS) General Syed Asim Munir on

India Gears Up for a Sporting and Digital Boom

Rony Banerjee, a leading innovation expert, highlights how India is redefining its sporting identity across fields, boardrooms, studios, and digital platforms. India is poised for a major transformation in the sports and

UN: Bring Pahalgam Terrorists to Justice

The members of the Security Council “stressed that those responsible for these killings should be held accountable..reports Asian Lite News The Security Council has “condemned in the strongest terms” the Pahalgam terrorist

US Backs India’s Hunt for Pahalgam Terrorists

Gabbard’s “hunt down” message comes amidst escalating Indian response to the terrorist attack, saying it had clear “cross-border” links to Pakistan….reports Asian Lite News Tulsi Gabbard, Director of National Intelligence (DNI), on

Border Sealed, Hopes on Hold

A Hindu family from Balochistan’s Sibi was reportedly denied entry into India after the closure of border crossing….reports Asian Lite News Pakistan and India’s decision to shut down the Wagah-Attari border crossing
Go toTop

Don't Miss

Shafali Eyes National Team Comeback in Style

Shafali, who has been out of the India squad since

Okinawa pips Ola in EV race

The company is aiming to grow its electric vehicle business