This mill, a joint venture between the Bharatiya Reserve Bank Note Mudran and the SPMCIL to produce paper for currency notes, is commissioning the first line which will have 6,000 metric tonne capacity by end of 2012 and will achieve a capacity of 12,000 metric tonne of paper by 2013-2014.

In addition, SPMCIL’s planned capex of Rs 2,500-crore from 2009-2014 includes modernisation of its ink factory, which is completed and a single line bank-note printing at Dewas, which is at an advanced stage of commissioning. Phase I of the modernisation of mints with installation of new presses, blanking lines, pickling, polishing and finishing lines, also under the capex, has been completed.

Meanwhile, SPMCIL has announced the audited result for the year ending 31 March 2011.

According to the announcement, the sales in 2010-2011 were Rs 3,164.49-crore as compared to Rs 3,037.79 in 2009-2010, the profit after tax (PAT) was Rs 577.19 in 2010-2011 as compared to 542.25 in 2009-2010, sales per employee was Rs 23.47 lakh as compared to Rs 20.32 lakh in 2009-2010 while PAT per employee was Rs 4.28 lakh 2010-2011 as compared to Rs 3.63 lakh in 2009-2010.

SPMCIL has launched products like new series of coins with the new rupee symbol, tickets with security features for ASI, CWG and WRDA, degree certificates with security features for Sikkim University and forest department of Nashik Collectorate.