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Government Of Assam Industries & Commerce Assam Industrial Development Corporation Ltd

Joint Venture Companies

1. M/S. Prag Bosimi Synthetics Ltd. (PBSL)

PBSL, a sick joint sector unit in Assam co-promoted by AIDC Ltd. had submitted a Revival Proposal to AIDC to revive the project. As per 265th AIDC’s Board Meeting decision, the proposal was scrutinized by the AIDC’s Technical Committee and by an independent Chartered Accountant. The CA. viewed that the proposal is technically feasible and economically viable and AIDC’s Technical Committee also recommended that the proposal of the company for value addition by way of converting POY to TY may be accepted by the Govt. of Assam / AIDC Ltd. and should assists the company with financial assistance of Rs. 65.00 Crore for revival of the project as below:

Sl.Items of InvestmentAmount (Rs. in crore)
1Installation of 23 Texturising Machines (inclusive of related CAPEX)46.00
2Debottlenecking Cost & other CAPEX07.00
3Less-Capital Subsidy @ 30% on Rs. 53 crore15.90
4Total Net CAPEX37.10
5Starting up Expenses07.90
6Idle period ost (six months, April-September, 2014)05.00
7Repayment of OCCD15.00
 Total fund requirement65.00

The proposal was submitted to the Industries & Commerce Department, Govt. of Assam. The Industries & Commerce Department forwarded the proposal to the Public Enterprises Department for approval of Public Investment Board (PIB). The Board in its meeting held on 22 nd May, 2014 has approved the proposal of Industries & Commerce Department for investment of Rs. 65.00 crore by Assam Industrial Development Corporation Ltd. for revival of the JVC M/s Prag Bosimi Synthetics Ltd. Proposal for Rs. 65.00 crore has been sent to Govt. for the purpose.

The Govt. of Assam is requested to allocate and sanction the fund of Rs. 65.00 crore during the financial year 2014-15 of Annual Plan in favour of AIDC Ltd. for revival of PBSL.

2. M/S. Calcom Cement India Ltd. (CCIL)

1NAME OF THE PROJECTCALCOM CEMENT INDIA LTD.
2ESTIMATED COST OF THE PROJECTRs. 1050 crores
3LOCATION OF THE PROJECTSPLIT LOCATION :-
1. Pipal Pukhuri No.2, Lanka, Nagaon District, Assam-782446 (Grinding Unit)
2. Jamuna Nagar, Umrangshu, Dima Hasao District, Assam-788931 (Clinkerization Unit)
4NAME OF THE IMPLEMENTING AGENCIESCALCOM CEMENT INDIA LTD.
5PURPOSE OF THE PROJECTMain purpose of the project is to utilize local raw materials for producing cement. Which will not only make the state of Assam fully self sufficient in cement, it would be in a position to support the other states, including exporting to neighboring SAARC & ASEAN countries. The project would boost economic development of Assam and overall of the North Eastern region, by ensuring availability of cement at economical cost required for major infrastructural projects in the region. This project would also create ample opportunities of direct & indirect employment.
6OUTPUT OF THE PROJECT1. Lanka :- 1.7 MTPA of Cement
2. Umg :- 0.99 MTPA of Clinker
7DATE OF COMMENCEMENT OF THE PROJECT1. Lanka :- 18th August, 2010
2. Umg :- yet to commission.
8TARGET DATE OF COMPLETIONUmg :- May, 2015
9STATUTORY CLEARANCE OBTAINEDLanka :- All statutory clearances obtained except approval of the revised ESP for the Railway siding at Lanka.
Umg :- i) Plant :- Environment Clearance and Consent order of Pollution Control obtained, Applied for Factory Licence ii) Mines :- IBM clearance and Provisional Eligibility Certificate obtained, Forest Clearance is under process.
10FINANCIAL PROGRESS SO FARRs. 1010.00 Crore incurred till Oct. 2014
11PHYSICAL PROGRESS SO FAR93% of the work completed