Speed Post News Network
New Delhi : Brigadier Amar Singh Rathore, Chairman and Managing Director (CMD), FCI Aravali Gypsum & Minerals India Limited, Rajasthan, a Central Government Public Sector Undertaking, under the Ministry of Chemicals & Fertilisers, presented a dividend cheque of Rs 12.60 crore to the Union Minister of Chemical & Fertilizers, Dr Mansukh Mandaviya in the presence of Rajesh Kumar Chaturvedi, Secretary (Fertilizer).
Mandaviya appreciated the results and growth achieved by the Company. He also expressed hope that the Company will grow exponentially and generate higher dividends to the Government.
CMD Rathore also, informed that the company is marching ahead with diversification plans and has plans of entering into mining of fertiliser minerals like Potash and Rock Phosphate. In addition, the company has plans to venture into the field of Bio and Chemical Fertiliser production also in near future, according to a PIB release.
FCI Aravali Gypsum & Minerals India limited (FAGMIL) was incorporated on February 14, 2003, consequent upon having off Jodhpur Mining Organisation (A unit of M/s FCIL). The new Company started its business w.e.f. April 1, 2003,with an authorized capital of Rs 10 Crore and paid Rs. 113.94 crore to the Government of India within a short span of 18 years.