Executive Summary
1. INTRODUCTION:
The Jodhpur Mining Organization was set up in 1950 with the objective of departmental exploration, excavation and mining of gypsum to feed Sindri Fertilizers Factory which was producing Ammonium Sulphate taking gypsum as a basic raw material and was a unit of the then The Fertilizer Corporation of India Limited.
With the change in the process in Sindri Rationalization scheme and reduction in the requirement of Gypsum at Sindri, The Jodhpur Mining Organization diversified its activities and developed a market from 1979 onwards in the State of Punjab, Haryana and U.P. for reclamation of sodic land.
Thereafter, Jodhpur Mining Organization was separated from The Fertilizer Corporation of India Ltd and was formed as a new company viz. FCI Aravali Gypsum & Minerals India limited (FAGMIL) in the year 2003 as a fully-owned Government of India Company, under the administrative control of Department of Fertilizers, Ministry of Chemicals & Fertilizers with an authorized capital of Rs.10 crores and with a paid-up capital of Rs.7.33 crores. It is a schedule ‘C’ Company.
After demerger, FAGMIL continued its operation of mining and marketing of mineral gypsum as well as agriculture grade gypsum.
2. COMPANY’S PRODUCT
The Company is, presently, engaged in the mining and marketing of mineral gypsum which is used mainly as a Sulphur nutrient to the soil, as a soil amendment to sodic soil and as an input raw material in cement manufacturing. The gypsum mines of FAGMIL are located in the Districts of Jaisalmer, Barmer, Bikaner and Sri Ganganagar in the State of Rajasthan. Since its inception in 2003, the company is earning profits continuously.
Gypsum
The Company carries out the work of exploring the Gypsum from earth crust. Gypsum is a type of mineral that looks like a white color powder. It contains calcium and Sulphur and is known as Calcium Sulphate (CaSO4, 2H2O). It is found in the state of Rajasthan, Himachal Pradesh and Uttaranchal. Rajasthan has 92% share of total Gypsum found in India spread over Barmer, Jaisalmer, Bikaner, Sri Ganganagar and Nagaur District. 100% pure Gypsum has 23.25% Calcium and 18.6% Sulphur. Thus it is main source of calcium and Sulphur which is essential for the growth of plants. Gypsum is used in producing the cement and plaster of Paris and also used as fertilizer in alkaline lands. It reacts with sodium and forms Sodium Sulphate which flows away with rain water and thereby calcium is retained in the soil.
3. USES OF GYPSUM
- As a Sulphur micro Nutrient
- As a Land Reclaimer
- As a basic input for Cement Industry
4. PERFORMANCE OF THE COMPANY
The Company’s growth was exceptional during last 22 years of operation. It started with a paid up capital of Rs.7.33. The Shareholders fund as on 31.03.2025 is Rs.253.67 crore. Thus, it has recorded an impressive growth of 3360% over a period of 22 years. During the year 2024-25, the company achieved a turnover of Rs.26.12 Crore in comparison to a turnover of Rs.19.40 crores in the year 2003-04 and earned a profit before tax of Rs.13.10 crore in comparison to Rs.2.83 crore in the year 2003-04.
The Performance of the Company during the last 13 years is furnished hereunder.
Amount/Crores
| Year | Sales-(LMT) | Turnover | Net worth | Reserves | Cash & Bank Balance | PBT | Dividend |
| 2011-12 | 8.18 | 66.53 | 109.27 | 101.94 | 119.71 | 29.05 | 5.42 |
| 2012-13 | 8.42 | 73.83 | 131.07 | 123.74 | 155.59 | 38.50 | 5.71 |
| 2013-14 | 9.29 | 88.59 | 150.64 | 143.31 | 169.87 | 52.10 | 9.30 |
| 2014-15 | 8.37 | 82.43 | 174.79 | 167.46 | 187.42 | 54.72 | 9.34 |
| 2015-16 | 7.30 | 63.80 | 196.64 | 189.31 | 199.36 | 44.32 | 10.26 |
| 2016-17 | 5.64 | 51.33 | 218.38 | 211.05 | 209.49 | 36.24 | 11.87 |
| 2017-18 | 4.29 | 48.60 | 245.42 | 215.42 | 208.36 | 31.58 | 12.30 |
| 2018-19 | 4.27 | 47.46 | 251.07 | 221.07 | 221.24 | 29.89 | 12.60 |
| 2019-20 | 4.99 | 35.87 | 250.20 | 220.20 | 222.96 | 21.06 | 12.51 |
| 2020-21 | 5.05 | 37.81 | 251.61 | 201.61 | 156.89 | 18.22 | 12.60 |
| 2021-22 | 4.13 | 41.44 | 250.82 | 200.82 | 42.34 | 15.57 | 12.55 |
| 2022-23 | 4.41 | 56.04 | 248.19 | 198.19 | 118.14 | 13.46 | 2.93 |
| 2023-24 | 3.22 | 30.48 | 256.62 | 206.62 | 130.42 | 15.38 | 12.84 |
| 2024-25 | 3.08 | 26.11 | 253.67 | 203.67 | 163.35 | 13.10 | 9.00 |
5. THE COMPANY IS A ZERO DEBT COMPANY
The company has performed very well since inception but the performance has declined in last few years due to opening up of the sector for private miners and tough competition with imported material. Government of India Notified a change in the Mining Act of on 10th February,2015 wherein the Gypsum and other Minerals i.e. Feldspar, dolomite etc. (total 31 minerals) were brought from Major Minerals to Minor Minerals. The State Government of Rajasthan, thereafter, notified its own policy vide Notification dated 28th October, 2016 and Gypsum was opened for the private sector. Government of Rajasthan has also reserved other minerals for their own State Government’ PSU i.e. RSMML only. Gypsum is also being imported from the neighbouring countries which is of better quality than the indigenous Gypsum.
6. EXPANSION AND DIVERSIFICATION
Presently the company is dealing only in one mineral i.e. mining and marketing of mineral gypsum. Now the company has focused to diversify its activities into the field of manufacturing PROM, and mining of other minerals like Bajri, Lime Stone and Rock Phosphate for which the company is making continuous efforts.
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