SPMCIL presents Rs 116.49 cr dividend cheque to FM

NEW DELHI, Oct 9: Security Printing & Minting Corporation  of India Ltd (SPMCIL) has announced that it has presented a  a dividend cheque for Rs 116.49 crore for financial year 2011-12  to Finance Minister P Chidambaram.
SPMCIL CMD M S Rana has presented the cheque to Mr Chidambaram towards the dividend declared by SPMCIL for the financial year  2011-12 at a brief function here on last Friday.
On this occasion, the Directors of SPMCIL and officers of  Ministry of Finance and SPMCIL were also present, the company  said in a statement.
Government holds the total equity capital in the company.
SPMCIL is the country’s sole supplier of coins, passports,  postal stationeries, non judicial stamp papers & other security  products and leading supplier of circulating notes.
It has announced a dividend of 20 per cent of post tax  profit of the company for the FY12.
Mr Rana said sales of the company has increased to Rs 3,422.68 crores during financial year 2011-12 from Rs 3,164.49 crores in  financial year 2010-11.
The operating profit (PBDIT) of the company has increased to  Rs 984.41 crores as against Rs 942.75 crores in previous year  2010-11.


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