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ASSAM INDUSTRIAL DEVELOPMENT COPRPORATION LTD

Joint Venture

SIProjectStatus
1Prag Bosimi SyntheticsUnit stopped production since Feb, 2006 due to higher cost of production than the sale price. Reasons attributed:Reduction of excise duty on POY upto 8% while it remains same on raw materials as 10% Poor quality of power & High power tariff Non disbursal of Central govt. Subsidies Remedial step initiated for its revival. CDR approves OTS.
2Pearl Lifeline LtdProposal for PIB approval from GoA submitted on 27.11.07. Soil testing works completed on site. Soil preparation work in progress
3Calcom Cements India Ltd.Transfer of mining lease from AIDC to CCIL is under consideration of the GoA Process on for acquisition of land. Rs. 10.25 crores released to CCIL on receiving from GoA Draft Red Herring Prospectus yet to be submitted to SEBI for the proposed IPO.