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Punjab Agro Industries Corporation Limited

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STATUS:

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

SHARE CAPITAL:

Authorized Capital:                                                                                 Rs. 7500.00 lac

The detail of Paid-up share holding is as under:

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

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 acre land alloted by Govt. of Punjab. The cost of the project is appraised at Rs. 117.61 crore which will be funded as under:
PAIC contribution:         Rs. 40.48 crore
NABARD Tech Loan:   Rs. 27.13 crore
MOFPI Grant:              Rs. 50.00 crore
NABARD has approved term loan of Rs. 27.13 crore under State Guarantee Scheme.

PAIC at present have made investment in 29 Companies amounting to Rs. 3661.65 lac as per list of companies-

- Punjab Agro Foodgrains Corp. Ltd.
- A G Foods Ltd.
- Bajwa Agro Industries Ltd.
- Domino Leathers Ltd.
- Deol Agro Oils Ltd.
- Golden Agro Winery Ltd.
- Honey Bee Natural Products Ltd.
- Himalayan Frozen Foods Ltd.
- Krishak Bharti Co-operative Ltd.
- Nijjer Agro Foods Ltd.
- Omega Ag-seeds Punjab Ltd.
- Punjab Foodkrafts 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 Oils Ltd.
- Sharda Agro Organo Pest. Ltd.
- Sukhraj Agro Papers Ltd.
- Superior Genetics Ltd.
- Sumer International Ltd.
- 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.

STATUS OF ACCOUNTS:

The accounts of the Corporation have been finalized up to the financial year 2017-18. The Corporation earned a cumulative profit of Rs. 901.29 lac as on 31.03.2018.


 
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