Eighteenth Dividend by FCI Aravali Gypsum & Mines India Limited, a Miniratna-II Company
Brigadier Amar Singh Rathore, Chairman & Managing Director, FCI Aravali Gypsum & Minerals India Limited, a Central Government Public Sector Undertaking, under the Ministry of Chemicals & Fertilizers presented a dividend cheque of Rs. 12,60,00,000/-(Rupees Twelve Crore Sixty Lakh only) to the Union Minister of Chemical & Fertilizers, Dr Mansukh Mandaviya in presence of Shri Rajesh Kumar Chaturvedi, Secretary (Fertilizer). The Minister appreciated the results and growth achieved by the Company. He also expressed the 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) was incorporated on 14.02.2003 consequent upon having off Jodhpur Mining Organization (A unit of M/s FCIL). The new Company started its business w.e.f. 01.04.2003 with an authorized capital of Rs. 10 Crore & paid Rs. 113.94 crores to the Government of India within a short span of 18 years.
Disclaimer : This is an official press release by PIB.
