Hon’ble Union Minister
of Finance Sh. Arun Jaitley gave away awards for excellence at the 11th
Foundation Day celebrations of Security Printing and Minting Corporation
of India Ltd. (SPMCIL) at the National Media Centre, New Delhi. He said
that SPMCIL played an important role in the world’s biggest exercise of
demonetisation. The event was also attended by Secretary Economic
Affairs, Sh Shaktikanta Das and higher officials from SPMCIL.
The awards were given away to 26 employees of SPMCIL for their
excellence in various fields during the year 2015-16. Besides, different
units of SPMCIL were also awarded for their work in areas of 1)
Productivity – India Government Mint, Mumbai, 2) Energy Conservation –
India Security Press, Nashik, 3) Environment & Safety – India Government
Mint, Noida, 4) Training and Development – Security Paper Mill,
Hoshangabad, 5) Vigilance – Bank Note Press, Dewas, and 6) Official
Language (Shri Shankar Dayal Singh Shield) – Currency Note Press, Nashik.
The CMD Cup was awarded to the India Security Press, Nashik. The awards
were received by the GM/ AGM of the respective units.
While addressing the gathering, the Hon’ble Minister of Finance
congratulated SPMCIL for becoming debt free and said that SPMCIL not
only mints money but also makes money for the government. He praised the
employees of SPMCIL for working with 100% efficiency. He added that when
history of demonetisation is written, a chapter will be written on
Speaking on the occasion, Secretary Economic Affairs, Sh Shaktikanta
Das, praised the employees of SPMCIL for rising to the occasion to print
Rs 500 and Rs 2000 currency notes, working 3 shifts a day during
remonetisation. He added that SPMCIL organised air lifting of currency
notes from its Nashik and Dewas units. He also emphasized on the need to
modernize old equipments at SPMCIL.
Security Printing and Minting Corporation of India Ltd. (SPMCIL), a
Miniratna Category-I, Schedule-‘A’ Central Public Sector Enterprise (CPSE)
was incorporated on 13th January, 2006 to manage four India Government
Mints, two Currency Presses, two Security Presses and one Security Paper
Mill, which were earlier being managed directly by the Government of
India (Ministry of Finance). The Corporation is wholly owned by the
The clients of SPMCIL include the Reserve Bank of India for Currency
Notes, State Governments for Non-Judicial Stamp Papers and allied
stamps, and Postal Department for postal stationery, stamps, etc.
Security Presses also produce various security items like cheques,
railway warrants, income tax return order forms, saving instruments,
commemorative stamps etc. for various clients and passports, visa
stickers and other travel documents for Ministry of External Affairs and
Ministry of Home Affairs. Department of Economic Affairs (DEA), Ministry
of Finance is the client for Circulating Coins from the corporation.
The Corporation has also setup a Joint Venture in October 2010 with
Bhartiya Reserve Bank Note Mudran Pvt. Ltd. (BRBNMPL) in the name of
Bank Note Paper Mill India Private Limited (BNPMIPL) that will lead to
indigenous production of major CWBN paper requirement, import
substitution thereby saving valuable foreign exchange and further aiding
India becoming self-reliant in banknote paper production.
The Sales Turnover of the Corporation has increased to Rs. 4647.57
crores in 2015-16 from Rs. 4413.85 crores in 2014-15 registering a
growth of 5.30% over the previous year. The Corporation has been granted
the Excellent rating for sixth year in succession by the Department of
Public Enterprises (DPE) for its MoU evaluation for the year 2014-15.