Assam Petro-Chemicals

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. n 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:. Present paid up share capital of the company is Rs. 497,15,97,080.00. he share holding position is as follows:. Sl No. Name of Share Holders Percentage of holding 1.