New Delhi: FCI Aravali Gypsum & Minerals India Limited (FAGMIL), a central government public sector undertaking, under the Ministry of Chemicals and Fertilizers, has presented a dividend cheque of Rs 12.60 crore to Union Minister of Chemical and Fertilizers Dr Mansukh Mandaviya in the presence of 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. Brigadier Amar Singh Rathore, Chairman and Managing Director, FAGMIL handed over the cheque to Dr Mandaviya.
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 the near future.
FAGMIL was incorporated on 14.02.2003 consequent upon having off Jodhpur Mining Organization, a unit of FCIL. The new company started its business with effect from April 1, 2003 with an authorized capital of Rs 10 crore and paid Rs 113.94 crore to the Government of India within a short span of 18 years. /BI/
