TaxTMI 
TaxTMI 
SPMCIL Signs A Growth Oriented Memorandum of Understanding (MoU) with the Government for the Financial Year 2013-14 on 25.03.2013
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....PMCIL Signs A Growth Oriented Memorandum of Understanding (MoU) with the Government for the Financial Year 2013-14 on 25.03.2013 <br>News and Press Release<br>Dated:- 25-3-2013<br><BR>SPMCIL has signed a growth oriented Memorandum of Understanding (MoU) with the Department of Economic Affairs (DEA), Ministry of Finance, setting an ambitious Sales target of Rs. 3407 crores and Gross Operating Margi....
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....n target of Rs. 511 crores for the fiscal 2013-14. The MoU was exchanged between Additional Secretary, Department of Economic Affairs, Ministry of Finance, Shri Shaktikanta Das and CMD, SPMCIL, Shri M.S. Rana here today. SPMCIL is a Miniratna Category-I CPSE, wholly owned Schedule 'A' Company of Govt. of India. It is engaged in the minting of Coins, printing of Bank Notes, Passport and other Trave....
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....l Documents, Postal Stationery, Non-Judicial Stamp Papers, etc. The MoU has been signed based on the targets and the parameters negotiated by a Department of Public Enterprises (DPE) appointed Task Force (TF). The MoU is based on the premise of a growth charter in a globally competitive environment and forward looking approach of SPMCIL and incorporates various parameters and weightages for evalu....
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....ation of performance with focus on Profitability, Increase in Efficiency, Quality / Safety, Growth/Sustainability, Project Implementation, Human Resource Management (HRM), Research & Development (R&D), CSR & Sustainable Development etc. SPMCIL has committed in above MoU for increase in its manpower efficiency in production of Coins, Bank Notes and Security Paper. It has also committed for moderniz....
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....ation of its plant & machinery and indigenization of security products. SPMCIL has also committed to provide training to its employees on leadership development, new/advanced technology, preventive maintenance, SAP handholding, risk management, etc. Under R&D, SPMCIL has set targets, among others, to improve the wet and dry strength of Bank Note paper and study on developing indigenous technology ....
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....for plating of coins. Under CSR & Sustainable Development, SPMCIL has committed to provide education to poor children in villages with focus on education of girls, plantation of trees, etc. DSM/ka (Release ID :94285)<BR> News - Press release - PIB....