Currency Note Press (CNP), Nashik, a unit of Security Printing and Minting Corporation of India Ltd (SPMCIL), produced 451.5 million pieces (mpcs) of banknotes in January, which is the highest ever monthly production in the history of CNP. The previous highest was 442.65 million pieces in August 2012.
This is also is more than double the average monthly production achieved (217.1 mpcs) during 2006-07, the first year after corporatisation.
The productivity per employee per annum of CNP, Nashik, has substantially increased to above 2.4 times before corporatisation. In the current year, the production target of Currency Note Press is 4,800 mpcs, which 85 per cent more than that of 2006- 07.
Security Printing and Minting Corporation of India Ltd (SPMCIL), a Miniratna Category-I CPSE and wholly owned Schedule 'A' Company of the Union government, is engaged in the manufacture of security paper, minting of coins, printing of currency and bank notes, non-judicial stamp papers, postage stamps, travel documents etc.
The Company has four presses, four mints and one paper mill to meet the RBI's requirement of currency notes and coins, state governments' need for non-judicial stamp papers, and the postal department's need for postal stationery, stamps etc. It also meets the Ministry of External Affairs's need for passports, visa stickers and other travel documents.
Its other products are commemorative coins, MICR and Non-MICR cheques etc.
Currency Note Press (CNP), Nashik, a unit of SPMCIL, is engaged in production of bank notes using state-of-the-art technology. It is equipped with designing, engraving, complete pre-printing and offset printing facilities, intaglio printing machines, numbering and finishing machines etc.
It is an ISO 9001:2000 and ISO 14001:2004 certified unit, having fool-proof accounting of security items, stringent security systems. It also has a history of export of manufacturing and supply of bank notes of many countries in the past. After corporatisation, Currency Note Press, Nashik, has significantly improved its production with the existing machinery even after reduction of about 27 per cent of manpower.
During 2006-07, with 3,510 employees, CNP produced 2,605 million pieces of banknotes. In 2011-12 it produced 4428 million pieces of banknotes with 2,682 employees.
The above achievement has been the result of all round improvements including process re-engineering, redeployment of manpower, motivation of the employees and better industrial relations. The above enhanced production and productivity coupled with reduction in per unit consumption of paper, ink, energy consumption will lead to enhanced profitability.
This is also is more than double the average monthly production achieved (217.1 mpcs) during 2006-07, the first year after corporatisation.
The productivity per employee per annum of CNP, Nashik, has substantially increased to above 2.4 times before corporatisation. In the current year, the production target of Currency Note Press is 4,800 mpcs, which 85 per cent more than that of 2006- 07.
Security Printing and Minting Corporation of India Ltd (SPMCIL), a Miniratna Category-I CPSE and wholly owned Schedule 'A' Company of the Union government, is engaged in the manufacture of security paper, minting of coins, printing of currency and bank notes, non-judicial stamp papers, postage stamps, travel documents etc.
The Company has four presses, four mints and one paper mill to meet the RBI's requirement of currency notes and coins, state governments' need for non-judicial stamp papers, and the postal department's need for postal stationery, stamps etc. It also meets the Ministry of External Affairs's need for passports, visa stickers and other travel documents.
Its other products are commemorative coins, MICR and Non-MICR cheques etc.
Currency Note Press (CNP), Nashik, a unit of SPMCIL, is engaged in production of bank notes using state-of-the-art technology. It is equipped with designing, engraving, complete pre-printing and offset printing facilities, intaglio printing machines, numbering and finishing machines etc.
It is an ISO 9001:2000 and ISO 14001:2004 certified unit, having fool-proof accounting of security items, stringent security systems. It also has a history of export of manufacturing and supply of bank notes of many countries in the past. After corporatisation, Currency Note Press, Nashik, has significantly improved its production with the existing machinery even after reduction of about 27 per cent of manpower.
During 2006-07, with 3,510 employees, CNP produced 2,605 million pieces of banknotes. In 2011-12 it produced 4428 million pieces of banknotes with 2,682 employees.
The above achievement has been the result of all round improvements including process re-engineering, redeployment of manpower, motivation of the employees and better industrial relations. The above enhanced production and productivity coupled with reduction in per unit consumption of paper, ink, energy consumption will lead to enhanced profitability.