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FCI Aravali Gypsum & Minerals India Limited (FAGMIL)

1  Over view

The FCI Aravali Gypsum and Minerals India Limited (FAGMIL) was incorporated under the Companies Act, 1956 as a Public Sector Undertaking on 14.02.2003 after being hived off the Jodhpur Mining Organisation (JMO) of Fertilizer Corporation of India Limited (FCIL). The Authorized Share Capital of the Company is Rs. 50 crore and the Paid up capital is Rs. 30.00 crore as on 31-03-2020.

2  Vision / Mission

 2.1     VisionTo become a leader in Mining of strategic minerals including gypsum for reclamation of land, improving the health of the soil with sulphur nutrients, infrastructure development through supply of ROM gypsum to cement industries and producing various types of Fertilizers.

2.2   Mission

To establish and carry on in India or in any part of the World all kinds of business relating to Gypsum and other minerals and their by-products and manufacture of various types of fertilizers, all organic and inorganic chemical compounds including by products, derivatives and mixtures thereof.

3  Industrial / Business Operations 

3.1   Financial Performance

 In Crore Rs.

Parameter

2018-19

2019-20

Up to 31.08.2020

2020-21

Total Income

63.86

52.91

20.11

Profit Before Tax

29.89

21.06

6.01

Net Profit

20.48

14.91

4.50

Dividend

12.60

12.51

-

Net Worth

251.07

250.20

254.70

In LMT
3.2  Physical Performance

Product

Production Performance

Production Capacity

 

2018-19

2019-20

2020-21

2018-19

2019-20

2020-21

Gypsum

4.12

4.97

1.79

12.25

11.10

11.06

3.3   Performance Highlights

3.3.1 Physical Performance

During the year 2019-20, the company produced and sold 4.97 LMT & 4.99 LMT of gypsum in comparison to 4.12LMT & 4.27LMT in 2018-19 respectively.

During the year 2020-21 up to 31.08.2020,the company produced 1.79 LMT and sold 1.73 LMTof gypsum respectively.

3.3.2 Financial Performance during the year 2014-15

During the year 2019-20, the Company achieved Sales turnover and Profit before tax of Rs. 35.87 crores (previous year Rs. 47.46 crores) and Rs.21.06 crore (Previous year Rs. 29.89 crore) respectively. The post-tax profit was Rs.14.91 crore (previous year Rs. 20.49 crore).The company paid Dividend of Rs. 12.60 crore in 2019-20 for the financial year 2018-19 and proposed to pay dividend of Rs. 12.51 crore in 2020-21 for the financial year 2019-20. 

The sales turnover up to 31.08.2020, is Rs.13.01 crore.

3.4  Human Resource Management 

3.4.1  Manpower as on 31-03-2020

Group

Total Employees

Number of employees belonging to

SC

ST

Ex-Servicemen

Physically Handicapped

OBC

A

22

4

0

0

0

6

B

08

1

0

0

0

1

C

08

0

0

0

0

2

D

01

0

0

0

0

0

TOTAL

39

5

0

0

0

9

 

3.4.2  Redressal of Public Grievances

Grievance Cell is functioning to redress the public and staff grievances and no grievance is pending as on date.

(i)  For Public grievance-

Head Office at Jodhpur receives the public grievances, which are redressed by the Grievance Cell. At present, no grievance is pending.

(ii)  For Staff Grievance-

a. The employees who are working in various Mines are advised to submit their grievances through the respective Area Managers to General Manager.

b. The employees working at Head Office, Jodhpur, route their grievances through Sectional Heads to General Manager.  At present, no grievance is pending.

 

3.4.3   Welfare Measures

i.  Welfare, Development and Empowerment of Women

The company is taking due care towards women empowerment.

ii. Welfare of SCs & STs   

The company is also implementing various social scheme for the welfare of society and employees under which it provides scholarship, tuition fee (for 2 children) and reimburse the cost of study material to children of employees.

3.4.4  Training during the year 2019-20: The following training was imparted:

S.No.

Course Name

Number of official attended the course

Place

Duration (in days)

1.

Workshop on Decrease of usage of Single use plastic by CIPET Jaipur

32

Jodhpur

1

2.

Six days Training Program on Digital Marketing for business growth

1

IIM Bangalore

5

3.5  Corporate Social Responsibility and Sustainable Development (CSR/SD)

As a part of society, the company undertakes socio economic and community development programs to promote education, training and improvement of living conditions in villages located in the vicinity of our mines. For this,the company has developed a CSR scheme and spends at least 2% of its average profit of last three years, every year. During the year 2019-20, Rs. 114.48 lakh (previous year Rs. 75.13 lakh) was spent against target of Rs. 113.61 Lakh on Promoting Education, Promoting Health care, Making available the drinking water facilities, Sanitation and contribution to PM CAREs Fund.

3.6 Awards

The company achieved Fair ranking in MOU 2018-19. It is expected that the company will achieve Fair ranking in MOU 2019-20 also. Further, the company was felicitated for BhamashahSamman for consecutive three years in 2017, 2018, 2019for its contribution in the field of promoting Education though its CSR activities in Rajasthan. The company was ranked at 3rd position among DOF PSUs in Swachha Bharat Abhiyan campaign by Ministry of Drinking Water and Sanitation, Government of India. The company also received prize from Hindi Salahkar Samiti for 2017-18.

3.7  Other Developments 

Reservation of Mineral Blocks of Rock Phosphate and Dolomite:

FAGMIL succeeded to get the reservation of two blocks of Rock Phosphate and one block of Dolomite on 19.12.2018 from Ministry of Mines, Government of India with the help of Department of Fertilizers. Application for Mining Lease of Dolomite was filed on 04.07.19 and Applications for Prospecting license of Rock Phosphate was filed on 05.07.2019 and on 14.10.2019. The proposals are presently under consideration of Government of Rajasthan.

White Cement Plant

The company intends for mining of white cement grade lime stone in Himachal Pradesh and establish white cement plant in joint venture mode. For this the company applied for one mining lease and four prospective licenses of white cement grade lime stone in Himachal Pradesh.  Letter of Intent (LOI) for the applied mining lease has been issued on 27.06.2018 and MOU for the project has been signed on 25.02.2019. However, the project is presently on hold due to stay order of Hon’ble High Court, Himachal Pradesh. 

Construction of Office Building

The Company purchased a land of 1560 sqmtrs from Jodhpur Development Authority for construction of office building at Jodhpur. The construction job is awarded to CPWD and it is expectedthat CPWD will complete the building by the end of March 2021.