<h1>SPMCIL MoU with Economic Affairs Dept. Targets Rs. 3407 Crore Sales and Rs. 511 Crore Margin for 2013-14.</h1> SPMCIL, a Miniratna Category-I CPSE under the Government of India, signed a Memorandum of Understanding with the Department of Economic Affairs for the fiscal year 2013-14. The agreement sets ambitious targets, including a sales goal of Rs. 3407 crores and a gross operating margin of Rs. 511 crores. The MoU focuses on enhancing profitability, efficiency, quality, and sustainability. SPMCIL aims to modernize its facilities, improve manpower efficiency, and indigenize security products. It also commits to employee training and R&D initiatives, such as improving banknote paper strength and coin plating technology. Additionally, SPMCIL plans CSR activities, including education for underprivileged children and environmental initiatives.