Punjab Agro Juices Limited

Right to Information Act, 2005

The powers and duties of its officers and employees

Overview:

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.

Functions

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:

To provide support for both existing Kinnow growers as well as new citrus growers by developing de-bittering technology.
To support small and marginal farmers of respective areas to grow seasonal fruits and vegetables and enable them to earn higher incomes per acre.
To support Punjab's fruit and vegetable production that is characterized by short harvesting seasons and high productivity.
To select a breakthrough technology that could handle different types of fruits and vegetables to optimize capacity utilization of the plants.
Commercial production at Hoshiarpur Plant was started w.e.f 08.01.2008 and at Abohar plant w.e.f. 29.01.2008.

Financial Structure

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.

Funding Pattern
Equity from Government	50.00 Crores
Grants from NHM, ASIDE, MOFPI	10.17 Crores
Loan form State Government	30.00 Crores
Total	90.17 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.)

Present Key Employees and their duties

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.