CNP to raise printing capacity by 4 mn peices

  • | Thursday | 23rd November, 2017

The press has a capacity of printing 13 million currency notes per day. Revenue stamps, stamp papers, passports and visas are printed at the ISP, while currency notes are printed at the CNP. Now, the press is waiting for fresh order from RBI for printing currency notes in the denomination of Rs 500.The SPMCIL's currency note printing unit at Devas in Madhya Pradesh has three lines for printing. It has just stopped printing of Rs 500 notes after completing the printing target of 1,800 million given by the Reserve Bank of India. After setting up the fifth line, the production capacity will increase by another four million pieces per day, sources from the CNP told TOI.Presently, CNP Nashik is printing around 15 million pieces of currency notes per day in denominations of Rs 200, Rs 100, Rs 50 and Rs 20.

done...Nashik: The Currency Note Press (CNP) Nashik is planning to expand its capacity of printing currency notes.The CNP Nashik, which is a unit of the Security Printing and Minting Corporation of India Ltd (SPMCIL), is in the process of setting up a new bank note printing and finishing line at an investment of Rs 200 crore.The CNP has invited bids for design, manufacturing, testing, supply, installation, commissioning, training and performance testing of one bank note printing and finishing line.Presently, the press has four lines with capacity of printing 18 million pieces of currency notes per day. After setting up the fifth line, the production capacity will increase by another four million pieces per day, sources from the CNP told TOI.Presently, CNP Nashik is printing around 15 million pieces of currency notes per day in denominations of Rs 200, Rs 100, Rs 50 and Rs 20. It has just stopped printing of Rs 500 notes after completing the printing target of 1,800 million given by the Reserve Bank of India. Now, the press is waiting for fresh order from RBI for printing currency notes in the denomination of Rs 500.The SPMCIL's currency note printing unit at Devas in Madhya Pradesh has three lines for printing. The press has a capacity of printing 13 million currency notes per day. It is also in the process of setting up new printing lines at an investment of Rs 200 crore. This will add the capacity of printing notes by four million pieces per day.The SPMCIL, which prints government currencies and other security documents and manufactures coins, has nine units across the country, including two each in Nashik and Hyderabad and one unit each in Mumbai, Kolkata, Noida, Devas and Hoshangabad. Of which, only two presses print currency notes -- one in Nashik and the other in Devas.There are two presses of SPMCIL in Nashik -- the CNP and the India Security Press. Revenue stamps, stamp papers, passports and visas are printed at the ISP, while currency notes are printed at the CNP.

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

₹ 10 - ₹ 1000

NYOOOZ FRIEND

₹ 2000 - ₹ 5000

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.


Stay updated with all the Latest Nashik headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles
CNP to raise printing capacity by 4 mn peices
  • Thursday | 23rd November, 2017
Now Akshay Kumar sets up online health tracker for cops in Nashik
  • Saturday | 13th June, 2020
Cyclone Nisarga claims 4 lives in Maharashtra and then fizzles out
  • Thursday | 4th June, 2020
Coronavirus outbreak Nashik Police thank Akshay Kumar for 500 wrist bands that track COVID 19 symptoms
  • Wednesday | 20th May, 2020