A dividend cheque of over nine crores thirty lakh Rupees was presented to the Minister for Chemicals & Fertilizers, Shri Ananth Kumar today by the Chairman & Managing Director of FCI Aravali Gypsum & Minerals India Limited Dr. S.K. Das in the presence of Shri Jugal Kishore Mohapatra, Secretary Department Fertilisers and other officials of the ministry.
The FCI Aravali Gypsum & Minerals India Limited (FAGMIL) was incorporated as a Central Government Public Sector Undertaking, under the Ministry of Chemicals & Fertilizers on 14.02.2003. The New Company (FAGMIL) started its business w.e.f. 01.04.2003 with an authorized capital of Rs.10 Crore & paid up capital of Rs. 7.33 Crore (fully owned by Government of India). With the payment of this dividend, the Company would be paying Rs. 32.45 crores (i.e. 443% of paid up capital of the Company) to the Government of India within a short span of 11 years.
The Minister for Chemicals & Fertilizers had appreciated the results and the growth achieved by the Company. He also expressed the hope that the Company will grow exponentially towards greater contribution to the growth of economy and generate higher dividends to the Government.
The FCI Aravali Gypsum & Minerals India Limited (FAGMIL) was incorporated as a Central Government Public Sector Undertaking, under the Ministry of Chemicals & Fertilizers on 14.02.2003. The New Company (FAGMIL) started its business w.e.f. 01.04.2003 with an authorized capital of Rs.10 Crore & paid up capital of Rs. 7.33 Crore (fully owned by Government of India). With the payment of this dividend, the Company would be paying Rs. 32.45 crores (i.e. 443% of paid up capital of the Company) to the Government of India within a short span of 11 years.
The Minister for Chemicals & Fertilizers had appreciated the results and the growth achieved by the Company. He also expressed the hope that the Company will grow exponentially towards greater contribution to the growth of economy and generate higher dividends to the Government.
