Friday, June 24, 2022

FCI Aravali Gypsum & Mines India Ltd pays a dividend of Rs 12.60 crore to govt

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New Delhi: Miniratna PSU FCI Aravali Gypsum & Mines India Ltd has paid a dividend of Rs 12.60 crore to the government on Thursday. FCI Aravali’s Chairman & Managing Director (CMD) Brigadier Amar Singh Rathore has presented a dividend cheque of Rs 12,60,00,000/- to the Union Minister of Chemical & Fertilizers Dr Mansukh Mandaviya in the presence of Union Secretary (Fertilizer) Rajesh Kumar Chaturvedi. The minister appreciated the results and growth achieved by the company. He also expressed hope that the company will grow exponentially towards and generate higher dividends to the government.

The CMD also, informed that the company is marching ahead with diversification plans and has plans of entering into mining of fertilizer minerals like potash and rock phosphate. In addition, the company has plans to venture into the field of bio and chemical fertilizer production also in near future.

FCI Aravali Gypsum & Minerals India Limited (FAGMIL) is a Miniratna PSU under the Ministry of Chemicals & Fertilizers. It was incorporated on February 2, 2003, consequent upon hiving off Jodhpur Mining Organization (a unit of FCIL). The new company started its business with effect from April 1, 2003, with an authorised capital of Rs 10 crore and paid Rs 113.94 crore to the government of India within a short span of 18 years.

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