Punjab Agro Juices Limited was incorporated in February, 2006 with its registered office at Plot No. 2 A, Sector-28 A, Madhya Marg, Chandigarh in accordance with the provision under the Companies Act, 1956. Present authorized share capital of the company is Rs. 50,01,00,000 and paid up capital is Rs.50,00,00,700.
Punjab Agro Juices Limited was established as a Special Purpose Vehicle by Government of Punjab in February, 2006 to set up two multi fruit processing units at Hoshiarpur and Abohar. These plants are the first of its kind to process different varieties of citrus as well as other fruits and vegetables like Tomato, litchi, Carrot, Melon, Mango, Guava, Pear, Sweet Gourd, Bitter Gourd, Aloevera, Apple and Amla etc. These plants are the only plants in India to de-bitter the fruit juices such as Kinnows & Mossambi etc. Plants were set up by the state government, keeping following objectives in view:
The Project at Abohar was set up at a cost of Rs.41.62 Crores and Project at Hoshiarpur at Rs.42.49 Crores. The total cost for two projects is being Rs.84.11 Crores. The funding of these projects is as under: Grant for Purchase Machinery during financial year 2014-15 Rs. 2.25 Crores.
|Equity from Government||50.00 Crores|
|Grants from NHM, ASIDE, MOFPI||10.17 Crores|
|Loan form State Government||30.00 Crores|
Other requirement ofRs 23.94 crores of funds have been met by availing bank loans and have been repaid with the help of the Government.
The Project Approval Board (PAB) of Punjab Government in its meeting held on 04.07.2007 decided to disinvest its equity and the matter stands referred to Department of Disinvestment for the further necessary action. They have already appointed M/s Deloitte Touche Tohmastu India Pvt. Ltd. as Global Advisors and M/s Khaitan & Co as Legal Advisors for the process. The process of disinvestment of Government stake in PAJL is moving ahead.
Government Decision. Government of Punjab has decided not to take disinvestment action as per the decision of Chief Minister of Punjab date 1/04/2014 and the process of disinvestment has been halted.
1. Mr. K.S. Pannu, IAS, Chairman
2. Sh. Bhushan Goyal, CEO
3. Mr. S.K. Rana, Plant Head Abohar, cum Director.
(Powers delegated by the Government / Board of Directors of the Company to above named officers are available in the Minutes Book of the Company.)
Keeping in view the decision of the State Government to disinvestment its equity in PAJL, the company, as a policy matter hires key personnel for its operational requirement either on fixed time contract basis on its roll or on deputation from PAGREX CO.. Presently PAJL has personnel listed below on fixed time contract basis for tenure varying from 1 to 2 years.
|Sr. No.||Name||Designation||Work Assigned|
|1||Mr. Subhash Rana||Plant Head, PAJL-Abohar||Director, Plant Head, PAJL - Abohar and control all the activities related to plant (including Quality Control) .|
|2||Sh. H.K. Paul||Head Finance & Accounts||Supervise all accounts/finance matters, Audit matters, Reconciliation of accounts with parties, preparation of accounts and submission of all related statutory dues.|
|3||Mr.B.S Sidhu||Sr. Manager Marketing-Chandigarh||To control and manage all activities relating to marketing of Juices and play as a head role for the purpose.|
|4||Sh. J.S. Bajwa||Plant Head , Hoshiarpur||Plant Head (O), PAJL - Hoshiarpur and control all the activities related to plant (including Quality Control) and Head Office .|
|5||Mr.V.K.Sharma||Manager (RTI & Liasion)||All matters related to RTI and liaison activities|
|6||Mr. Raj Raman Sharma||Manager (Accounts), PAJL-Chandigarh||All accounts/finance matters, Audit matters, Reconciliation of accounts with parties, preparation of accounts and submission of all related statutory dues.|
|7||Sh. Daljeet Singh||Manger Account, Abohar||All account and administrative matters|
|8||Mr. Braham dutt||Manager(A&A), PAJL-Abohar||All account and administrative matters and submission of all related statutory dues and APIO under RTI Act at PAJL-Hoshiarpur Plant.|