Finance Minister Inaugurates New SPMCIL HQ in New Delhi

10 Jun 2025 CW Team

Also in attendance were Ms. Anuradha Thakur, Officer on Special Duty, Department of Economic Affairs, along with senior officials from the Ministry of Finance, SPMCIL board members, employee union representatives, and other dignitaries.

In her keynote address, the Finance Minister highlighted that the new premises would result in considerable cost savings by eliminating high lease rentals. She also noted the positive impact the facility would have on administrative efficiency, coordination, and employee morale.

Smt. Sitharaman praised SPMCIL’s contribution to national identity, citing the issuance of 210 commemorative coins to date — 105 of which were released in the past decade. She described the souvenir coins as symbols of Brand India that celebrate the country's rich heritage and serve as distinguished gifts. Of particular note were the Panchatantra-themed coins, which she said resonated with the public due to their cultural value.

She also recognised SPMCIL’s role in producing currency notes, coins, postal items, passport paper, and national honours such as the Bharat Ratna medallions. Commending its gold and silver refining capabilities and robust financial performance — including full loan repayment by FY 2016–17 — she encouraged the organisation to enhance supply chain efficiency.

MoS Finance Shri Pankaj Chaudhary echoed these sentiments, calling SPMCIL a model public sector enterprise. He lauded the corporation’s focus on innovation, self-reliance, and sustainability, specifically citing the in-house development of banknote ink and passport paper. He encouraged the team to continue striving towards achieving Navratna status with the Ministry’s full support.

Ms. Anuradha Thakur praised the organisation’s strong institutional framework, sound governance, and consistent contribution to strategic national goals.

SPMCIL Chairman and Managing Director, Shri Vijay Ranjan Singh, expressed gratitude to the Finance Ministers and reaffirmed the corporation’s commitment to transparency, innovation, and nation-building. He said the new office marks a major milestone in SPMCIL’s growth story.

The ministers also presented awards recognising outstanding employee and unit performance for the year 2023–24.

SPMCIL is a Schedule ‘A’ Miniratna Category-I Central Public Sector Enterprise under the Department of Economic Affairs. It plays a critical role in the Government’s Atmanirbhar Bharat mission through technological advancement, indigenous development, and sustainable growth in security printing and minting.

Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, and Minister of State for Finance, Shri Pankaj Chaudhary, inaugurated the new corporate headquarters of the Security Printing and Minting Corporation of India Limited (SPMCIL) at the World Trade Centre in Nauroji Nagar, New Delhi.Also in attendance were Ms. Anuradha Thakur, Officer on Special Duty, Department of Economic Affairs, along with senior officials from the Ministry of Finance, SPMCIL board members, employee union representatives, and other dignitaries.In her keynote address, the Finance Minister highlighted that the new premises would result in considerable cost savings by eliminating high lease rentals. She also noted the positive impact the facility would have on administrative efficiency, coordination, and employee morale.Smt. Sitharaman praised SPMCIL’s contribution to national identity, citing the issuance of 210 commemorative coins to date — 105 of which were released in the past decade. She described the souvenir coins as symbols of Brand India that celebrate the country's rich heritage and serve as distinguished gifts. Of particular note were the Panchatantra-themed coins, which she said resonated with the public due to their cultural value.She also recognised SPMCIL’s role in producing currency notes, coins, postal items, passport paper, and national honours such as the Bharat Ratna medallions. Commending its gold and silver refining capabilities and robust financial performance — including full loan repayment by FY 2016–17 — she encouraged the organisation to enhance supply chain efficiency.MoS Finance Shri Pankaj Chaudhary echoed these sentiments, calling SPMCIL a model public sector enterprise. He lauded the corporation’s focus on innovation, self-reliance, and sustainability, specifically citing the in-house development of banknote ink and passport paper. He encouraged the team to continue striving towards achieving Navratna status with the Ministry’s full support.Ms. Anuradha Thakur praised the organisation’s strong institutional framework, sound governance, and consistent contribution to strategic national goals.SPMCIL Chairman and Managing Director, Shri Vijay Ranjan Singh, expressed gratitude to the Finance Ministers and reaffirmed the corporation’s commitment to transparency, innovation, and nation-building. He said the new office marks a major milestone in SPMCIL’s growth story.The ministers also presented awards recognising outstanding employee and unit performance for the year 2023–24.SPMCIL is a Schedule ‘A’ Miniratna Category-I Central Public Sector Enterprise under the Department of Economic Affairs. It plays a critical role in the Government’s Atmanirbhar Bharat mission through technological advancement, indigenous development, and sustainable growth in security printing and minting.

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