June 10, 2025
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Public sector enterprise status underpins SPMCIL's push for self-reliance, operational efficiency and indigenous security material production.
SPMCIL's new corporate office aims to improve administrative efficiency, internal coordination, employee engagement and lease cost savings; the corporation's roles include producing currency notes, coins, passport paper, postal items, national medals and souvenir coins, gold and silver refining, and indigenous development of banknote ink and other security materials. Recognised as a Schedule 'A' Miniratna Category-I Central Public Sector Enterprise, SPMCIL's financial resilience, governance practices and alignment with Atmanirbhar Bharat were emphasised, alongside encouragement to pursue operational excellence, supply chain strengthening, and aspiration for higher corporate status.