FCI Aravalli Gypsum & Minerals India Limited (FAGMIL)

1. Overview

   The FCI Aravalli 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 Organization (JMO) of Fertilizer Corporation of India Limited (FCIL). The Authorized Share Capital of the Company is Rs.50.00 crore and the Paid up capital is Rs.50.00 crore as on 31-03-2022.

2. Vision / Mission

   • Vision

   The FCI Aravalli 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 Organization (JMO) of Fertilizer Corporation of India Limited (FCIL). The Authorized Share Capital of the Company is Rs.50.00 crore and the Paid up capital is Rs.50.00 crore as on 31-03-2022.

   • Mission

   The Company mission is 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 with focus on agriculture.

3. Industrial / Business Operations

   • Financial Performance

   (In Crore Rs.)

   Parameter	2020-21	2021-22	Upto 30.10.2022 2022-23
   Total Income	52.96	54.75	43.56
   Profit Before Tax	18.22	15.57	9.02
   Net Profit	13.48	11.59	6.75
   Dividend	12.60	12.55	-
   Net Worth	251.61	250.82	245.02

   • Physical Performance

   (in LMT)

   Product	Production Performance			Production Capacity
   	2020-21	2021-22	Up to 30.10.2022 2022-23	2020-21	2021-22	Up to 30.10.2022 2022-23
   Gypsum	5.05	4.11	2.96	11.06	11.06	11.06

4. Performance Highlights

   • Physical Performance

   During the year 2021-22, the company produced and sold 4.11 LMT & 4.13 LMT of gypsum in comparison to 5.05 LMT & 5.05 LMT in 2020-21 respectively. During the year 2021-22 up to 30.10.2021, the company produced 2.96 LMT and sold 2.93 LMT of gypsum. During the year 2021-22, the Company achieved Sales turnover and Profit before tax of Rs.41.44 crores (previous year Rs.37.81 crores) and Rs.15.57 crore (Previous year Rs.18.22 crore) respectively. The post-tax profit was Rs.11.59 crore (previous year Rs.13.48 crore). The company paid Dividend of Rs. 12.60 crore in 2021-22 for the financial year 2020-21 and declared to pay a dividend of Rs.12.55 crore in 2022-23 for the financial year 2021-22. The sales turnover up to 30.10.2022, is Rs.35.39 crore.

   • Physical Performance
   • Manpower as on 31-03-2022

• Grievances Redressal

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

• For Public grievance-

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

• For Staff grievance-
• The employees who are working in various Mines are advised to submit their grievances through the respective Area Managers to General Manager.
• The employees working at Head Office, Jodhpur, route their grievances through Sectional Heads to General Manager.  At present, no grievance is pending.

• Welfare Measures
• Welfare, Development and Empowerment of Women

The company is taking due care towards women empowerment.

• Welfare of SCs & STs            

  The company is also implementing various social schemes 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.

• Training

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

  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 2021-22, Rs.46.14 lakh (previous year Rs.62.41 lakh) was spent against target of Rs.46.12 Lakh on Promoting Education, Promoting Health care, Making available the drinking water facilities, Sanitation.

• Awards 

  The company achieved Fair ranking in MOU 2020-21. It is expected that the company will achieve Fair ranking in MOU 2021-22 also. Further, the company was felicitated for Bhamashah Samman for consecutive five years i.e 2016-17 to 2020-21 for its contribution in the field of promoting Education though its CSR activities in Rajasthan. The company has received Swachhta Award in the year 2020 from DOF. The Company has received the official language shield and citation from NARKAS, Jodhpur in the year 2020-21.

• Other Developments
• Rock Phosphate

• Birmania & Sallopat, Rajasthan

  FAGMIL succeeded to get the reservation of two blocks of Rock Phosphate on 19.12.2018 from Ministry of Mines, Government of India with the help of Department of Fertilizers. Presently, exploration drilling is being carried out in the blocks.

• Piploda and Khatamba, Madhya Pradesh

  Application for reservation of two blocks is under process with Ministry of Mines, Government of India.

• Accreditation as Exploration Agency
• The Central Government through Gazette Notification S.O 2307(E) dated 18th May 2022 have accredited M/s FAGMIL as Notified Private Exploration Agency.
• FAGMIL can carry out Exploration and prospecting operations In Mineral Sector on Pan India Basis. FAGMIL plans to focus on exploration of Strategic and Critical Minerals, especially Fertilizers minerals in which India is deficient.
• Consultation with different State Governments and study for the proposed areas is under process. Also, letters have been sent to different State Governments for awarding exploration projects to FAGMIL.
• The Governments of Uttar Pradesh and Uttarakhand have invited proposals for exploration.

• Dolomite, Phalodi, Rajasthan

  Application for Mining Lease is under process with Government of Rajasthan. The same was forwarded by DMG, Rajasthan on 07.06.2021.

• SMS Grade Limestone, Jaisalmer, Rajasthan

  >Comments of Government of Rajasthan are under process for reservation of two blocks in Jaisalmer. Recommendations of DMG, Rajasthan have been sent on 13.10.2020.