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New Delhi : The Security Printing and Minting Corporation of India Limited (SPMCIL), a Schedule-‘A’ Miniratna Category-I CPSE, wholly owned by the Government of India under the administrative control of Department of Economic Affairs (DEA), Ministry of Finance, has paid a final dividend of Rs 215.48 crore to the Government of India (GoI) for FY  2019-20 being 5% of Net worth of the Company as on March 31, 2020 [41% of Profit after Tax (PAT) for FY. 2019-20) in compliance of DIPAM guidelines.

The dividend cheque was presented to Union Finance & Corporate Affairs Minister Nirmala Sitharaman by Tripti P  Ghosh, CMD, SPMCIL, along with Ajai Kumar Srivastav, Director (Technical), in the presence of Tarun Bajaj, Secretary, DEA, and Dr  Shashank Saksena, Senior Economic Advisor (C&C), DEA, Ministry of Finance, according to a PIB release.

SPMCIL has achieved the targets in the production of Bank Notes, Coins, Security Paper, Passports, Security Inks, and other Security Products during the year 2019-20. SPMCIL has produced 9,824 million pieces of the Bank Notes, 3,282 million pieces of circulating coins, 7,010 Metric Ton (MT) Security Paper, 851 Metric Ton (MT) of Security Inks in 2019-20.

During the year 2019-20, the Revenue from Operations of the Company was Rs 4,966 crore and Profit before Tax has increased to Rs 1,026.79 crore. SPMCIL has also achieved “Excellent” grading for Corporate Governance from Department of Public Enterprises (DPE) for the year 2019-20.