Security Printing and Minting Corporation of India
Details: Security Printing and Minting Corporation of India Limited, a Central PSU under the Government of India, is undertaking a ₹2,288 crore (Rs 22,880 million) expansion of its existing paper mill located in the Industrial Area, Kisanpura, Narmadapuram (Hoshangabad district), Madhya Pradesh, to raise production capacity from 8,000 TPA to 14,000 TPA. The expansion, comprising an additional production line for Cylinder Mould Watermarked Banknote (CWBN) Paper within the existing project premises, splits into an existing asset base valued at ₹500 crore and a proposed new investment of ₹1,788 crore. The facility currently produces 6,000 TPA of CWBN paper and 2,000 TPA of security and currency papers, with CWBN capacity being doubled to 12,000 TPA post-expansion while security/currency paper output remains at 2,000 TPA, taking total capacity to 14,000 TPA. The project is sited on a total non-forest land area of about 22.19 hectares, with no additional land required. The existing unit already holds an environmental clearance (dated 05/03/2012) and Consent to Operate from the state pollution control authority, and is fully operational; the current proposal seeks Terms of Reference for the incremental capacity expansion. The expansion is expected to generate significant employment — about 350 permanent and 3,500 man-days during a 350-day construction phase, and during operations a rise from 758 to 1,110 permanent employees. Given the nature of security/currency paper manufacturing, the added production line is likely to involve specialized cylinder mould paper-making machines, pulping and stock preparation equipment, watermarking and security-thread integration systems, drying and finishing lines, along with associated water and air pollution control infrastructure to meet regulatory norms. The proposal is under examination by the Ministry of Environment, Forest and Climate Change (MoEFCC). The company start the construction Activity on March 2027 and end on September 2027