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      Assam Petro-Chemicals Ltd. (APL) is a state level public sector undertaking of Govt. of Assam incorporated on 22nd April 1971. The foundation stone of the company was laid at Namrup on 15th June 1971 for production of Methanol and Formalin. Assam Industrial Development Corporation Ltd. (AIDC) promoted the company for manufacture of Methanol from Natural Gas which was abundantly available in the adjoining oil field in the Upper Assam. The Petrochemical complex of APL is the first of its kind in India, having natural gas as feedstock. Formalin is its downstream product.The company started its commercial production of Methanol and Formalin in June, 1976 from its two plants of 21 MTPD and 36 MTPD capacities respectively and a few Urea Formaldehyde resins as downstream projects with technology supplied by Mitsubishi Gas Chemicals Co., Japan.

      Having availability of Natural Gas in the nearby oil fields in the upper Assam, APL set up another 100 TPD Methanol plant and commissioned it in 1989 with technolog      y supplied by ICI, UK and the 100 TPD capacity Formalin expansion plant in 1997 with technology from DerivadosForestales of Nederland. After the Supreme Court ban on timber industry in 1996, APL found it difficult to market Formalin, as it was used in big ways by plywood manufacturers located in NE Region. Further, closure of the DMT plant of BongaigaonRefinery and Petro-Chemicals Ltd. in 2000 closed the doors on another important consumer. Despite these twin setbacks that almost completely dried up its market within the state where it earned maximum profit, APL could make its own way of growth by selling Formalin to markets in the rest of the country, Bhutan, Bangladesh and Nepal. Further, APL revamped its 100TPD Formaldehyde plant to 125TPD in the year 2012. Present Plant Capacities-Methanol and Formalin are 100TPD and 125TPD respectively.

      Assam Petro-Chemicals Ltd. is now implementing a mega project of 500TPD Methanol and 200 TPD Formaldehyde plant as an expansion project of the company at a total cost of Rs. 1337 crore.Implementation of the 500 TPD Methanol project is going on at the adjacent plot of existing plant at Namrup in Dibrugarh district of Assam.Implementation of 200 TPD Formalin project is about to start at Boitamari in Bongaigaon District. The Hon'ble Chief Minister of Assam laid the foundation stone of the 200 TPD Formalin Project at Boitamari, Bongaigaon on 4th March, 2019. Governor of Assam, Oil India Limited and Assam Gas Company Limited are investing in equity capital for implementation of 500 TPD Methanol and 200 TPD Formalin project. Government of Assam alongwith Assam Gas Co. Ltd and AIDC Ltd. will hold 51% of shares and Oil India Ltd. will hold 49% of the equity capital of the company.In this connection, an MoU was sighed with Oil India Ltd. in February, 2018 during Advantage Assam -the Global Investors Summit held at Guwahati.

      Assam Petro-Chemicals Limited was the first company whose shares were listed in Bombay Stock Exchange (Now BSE) in 1975. The shares of the company delisted from BSE w.e.f. 20.02.2017 to enable the company to allot shares to Governor of Assam, Oil India Limited and Assam Gas Company Limited through private placement. APL was subsidiary company of Assam Industrial Development Corporation Ltd. till 21st September, 2018. Due to allotment of shares to the Governor of Assam, Oil India Limited and Assam Gas Co. Ltd. the company no longer a subsidiary of Assam Industrial Development Corporation Ltd. from that date.

      APL produces Methanol and Formalin from its plants located at Namrup and sell these products in domestic as well as exports to neighbouring countries viz. Nepal, Bhutan and Bangladesh.

      The Authorised Share Capital of the company and paid up share capital of the company as on 1st April, 2019 are Rs. 500,00,00,000.00 and Rs. 431,15,97,080.00 and the shareholding position is as follows:.

Sl No. Name of Share Holders Percentage of holding
1. Governor of Assam 36.41%
2. Oil India Ltd. 48.71%
3. Assam Industrial Development Corporation Ltd. (AIDC Ltd.) 11.53%
4. Assam Gas Co. Ltd. 3.25%
5. Others 0.10%

      Infusion of share capital are going on in the company by Governor of Assam, Oil India Ltd. and Assam Gas Co. Ltd. for the implementation of 500 TPD Methanol and 200 TPD Formalin Project. On completion of the project and infusion of project equity the Governor of Assam alongwith AIDC Ltd and Assam gas Co. Ltd. to hold 51% and Oil India Ltd. to hold 49%.

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