SECURITY PRINTING AND MINTING CORPORATION OF INDIA LIMITED (SPMCIL)

Feb. 11, 2019

At the 13th Foundation Day of Security Printing and Minting Corporation of India Limited (SPMCIL) in New Delhi, Finance minister Piyush Goyal said that SPMCIL should have a huge outreach programme to sell coins to all African countries.

About:

Origin: It was formed in 2006 under the Companies Act, 1956 as the result of corporatization of security presses and mints functioning under the Indian Ministry of Finance.
Status: It is a Miniratna Category-I CPSE, and wholly owned Schedule ‘A’ Company of Government of India under the administrative control of Department of Economic Affairs, Ministry of Finance.
Functions:
- It is engaged in the manufacture of security paper, minting of coins (including commemorative coins), printing of currency and bank notes, non-judicial stamp papers, postage stamps, travel documents, etc.
- For the above purpose it contains nine units, four mints, four presses and a paper mill.
HQ: New Delhi.