SPMCIL pays Rs 84.6 crore dividend to government for 2012-13

NEW DELHI: State-owned SPMCIL has paid dividend of Rs 84.6 crore to the government for financial year 2012-13.

"Security Printing and Minting Corporation of India Limited (SPMCIL),...has declared a Final Dividend for an amount of Rs 84.69 crore to government being 20 per cent of the Profit After Tax (PAT) of the company for FY 2012-13," an official statement said.

Chiarman and Managing Director M S Rana presented the dividend cheque of Rs 84.69 crore to the Finance Minister P

SPMCIL is a miniratna central public enterprise and this is the third year in succession when the company has paid final dividend at 20 per cent of the net profits of the company.

SPMCIL printed a record produced 7421 million pieces of bank notes during 2012-13.

"This is 13.50 per cent higher than the production of 6539 million pieces of bank notes during the previous year."

Also, it produced 6708 million pieces of circulating coins during the year 2012-13. That was 6.77 per cent higher than the production of 6282.40 million pieces achieved during the previous year.

SPMCIL produces bank notes, circulating coins, commemorative coins, medals and medallions, weights & measures, various security products like passports, travel documents, non-judicial stamp papers, postal stationery and other security products and production of the security paper.