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Punjab Agro Industries Corporation Limited

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STATUS:

Punjab Agro Industries Corporation is a company registered under the Companies Act, 1956 in the year 1966.

SHARE CAPITAL:

Authorized Capital:                                                                                 Rs. 7500.00 Lacs

The detail of Paid up share holding is as under:

1) Punjab Government Share                                                                   Rs. 4546.36 Lacs
2) Rural Development Board Share                                                           Rs. 250.00 Lacs
3) Central Government Share                                                                     Rs.124.50 Lacs
                                     TOTAL                                                                 Rs. 4920.86 Lacs

MAIN OBJECTS:

The main objects of the corporation are to promote and facilitate setting up of agro/food processing industries in the State of Punjab. PAIC has so far promoted 44 projects in joint/assisted sector in financial collaboration with private entrepreneurs. PAIC acts as a think tank / catalyst and also helps the promoter to complete the necessary formalities like official sanctions, licenses, permits and arranging for other infrastructural facilities for proper, efficient and economic working of new projects.
PAIC is in the process of setting up a Mega Food Park at Ladhowal, Ludhiana on 100 acres of land alloted by Govt of Punjab . The cost of the project is appraised at Rs. 117.61 cr which will be funded as under:
PAIC contribution: Rs. 40.48 cr
NABARD Tech Loan: Rs. 27.13 cr
MOFPI Grant: Rs. 50.00 cr.
NABARD has approved term loan of Rs. 27.13 cr. under State Guarantee Scheme. Tenders for ETP/STP,roads street lighting, drainage etc.have been finalized.

PAIC at present have made investment in 33 companies amounting to Rs.4756.79 Lacs as per list of companies-

- Punjab Agro Foodgrain  Corp Ltd
- Punjab Agro Power Corp Ltd
- Grain Tech India Ltd.
- A G Foods Ltd
- Bajwa Agro Industries Ltd.
- Domino Leathers Ltd
- Deol Agro Oil Ltd.,
- Golden Agro Winery Ltd
- Honey Bee Natural Products Ltd
- Himalayan Frozen Foods Ltd
- Krishak Bharti Cooperative Ltd
- Nijjer Agro Foods Ltd
- Omega Ag-seeds Punjab Ltd
- Punjab Foodkraft Ltd
- Punjab Breeders Ltd
- Punjab Meats Ltd
- Punjab Phytochemicals Ltd.
- Punjab Blossoms Ltd.
- Punjab Bio-Tech Sugars Ltd
- Punjab Agri Export Corporation Ltd.
- Punjab Milkchem Ltd.
- Recherche Spice Oil Limited
- Sharda Agro Organo Pest. Ltd
- Sukhraj Agro Paper Ltd
- Superior Genetics Ltd.
- Sumer International Limited
- Glossy Foods Ltd
- Green Bagh Foods Ltd
- International Fresh Farm Products Ltd
- Kejriwal Bee Care india Pvt. Ltd
- Punjab Agri Ventures Ltd.
- Satnam Agri Products Ltd
- A B Grain Spirits Pvt. Ltd

STATUS OF ACCOUNTS:

The accounts of the corporation have been finalized upto the financial year 2015-16. The corporation earned a cumulative profit of Rs. 278.49 Lacs as on 31.03.2016.


 
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