SPMCIL Pays dividend to Govt for FY 20-21 in compliance of Dipam guidelines
The dividend cheque was presented by Smt. Tripti P. Ghosh, CMD, SPMCIL along with Shri Ajay Agarwal, Director (Finance), SPMCIL to Hon’ble Union Minister of Finance, Smt. Nirmala Sitharaman in the august presence of Shri Ajay Seth, Secretary, DEA and Ms. Meera Swarup, Special Secretary & Financial Advisor, Ministry of Finance.
SPMCIL Pays dividend to Govt for FY 20-21 in compliance of Dipam guidelines
Security Printing and Minting Corporation of India Limited (SPMCIL), a Schedule-‘A’ Miniratna Category-I CPSE, wholly owned by Government of India under the administrative control of Department of Economic Affairs (DEA), Ministry of Finance has paid a Final Dividend of Rs. 240.41 crores to Government of India for F.Y. 2020-21 being 5% of Net worth of the Company as at 31st March 2021 [57% of Profit after Tax (PAT) for F.Y. 2020-21) in compliance of DIPAM guidelines.
The dividend cheque was presented by Smt. Tripti P. Ghosh, CMD, SPMCIL along with Shri Ajay Agarwal, Director (Finance), SPMCIL to Hon’ble Union Minister of Finance, Smt. Nirmala Sitharaman in the august presence of Shri Ajay Seth, Secretary, DEA and Ms. Meera Swarup, Special Secretary & Financial Advisor, Ministry of Finance.
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. SPMCIL has produced 8288 million pieces of the Bank Notes, 2757 million pieces of circulating coins, 6870 Metric Ton (MT) Security Paper, 600.42 Metric Ton (MT) of Security Inks in 2020-21.
During the year 2020-21, the Revenue from Operations of the Company is Rs.4712.57 crores and Profit before Tax is Rs.789.74 crores.
Read Also : NLCIL to declare Final Dividend, and Q4 results on May 15News Must Read
- BPCL signs agreement with Noida International Airport
- Indian Bank Q4 results, net profit up by 6 percent on Quarter basis
- PSU Stocks tumbled amid RBI draft circular on lenders
- Paytm share price plunges 4% as president and COO Bhavesh Gupta resigns
- GAIL Global USA and Kinder Morgan Operating LLC signed MOU
- SJVN signs agreement with Tata Power RE for 460 MW Renewable Energy Project
- Keel Laying of the First Next Generation Offshore Patrol Vessel At Goa Shipyard Ltd
- REC Ltd received NOC to set up wholly owned subsidiary in Gift City, Gujarat
- Atanu Chakraborty Reappointed as part-time Chairman of HDFC Bank
- MRPL Q4 Results: Net profit slips 40%, Annual Gains Strong