Agarwal had taken a contentious decision to halt production of coins last week. This was unceremoniously revoked within a couple of days after workers sought Arun Jaitley's intervention.
SPMCIL, which enjoys the Miniratna status, produces bank notes, coins, postage stamps, non-judicial stamps and other official documents.
India's fiscal deficit may widen further to 3.5% of gross domestic product in FY19 after breaching the target this year.
"We have started working. However, we are working only in one shift," said Bijan Dey, vice president of Calcutta Mint Employees Association.
The volume of securitisation deals was just about Rs 10,000 crore in the third quarter last year, when business and financial deals were hit by demonetisation.
The state-run Security Printing and Minting Corporation of India Ltd (SPMCIL) has four minting units in Mumbai, Kolkata, Hyderabad and Noida.
The state-run Security Printing and Minting Corporation of India Ltd (SPMCIL) has issued a direction on Wednesday to this effect as the mints ran out of storage capacity.
The company is also looking to raise about Rs 100 crore immediately either from United Bank of India or the Ministry of Railways as working capital.
Trade unions, dubbed as disruptive by the management for years, appear to have realised that it may be now or never for the loss making bank to survive.
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