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The harvesting of forests in Punjab from the year 1974 onwards was done partly through Forest Utilisation Division (now defunct) of the Forest Deptt. Punjab which was harvesting only about 10-12% of the annual cut available and the rest of the wood (standing trees) was auctioned to the private contractors. On the winding up of the Utilization Division of Punjab Forest Department, the work of harvesting was handed over to the Punjab State Forest Development Corporation Limited.

The Punjab State Forest Development Corporation Limited came into existence on 23.5.1983 under the Companies Act, 1956 in pursuance of the recommendations made by the National Commission on Agriculture, Government of India which inter alia included that the system of contracting away forest areas to private contractors be done away with for better conservation of forest areas and development of forest resources in the national interest. Observing that the forestry sector in the country was handicapped due to paucity of funds, the commission emphasised the need to switch over to production of forestry as a business by helping the sector come out of rut of low investment in the face of mounting demands of various forest products.

General about the Corporation
Date of incorporation 23rd May 1983

Act under which incorporated

Companies Act, 1956

Date of Commencement of business

1st August 1983
Authorised Share Capital
- 75000 equity shares of Rs.100 each
- 25000 12% Redeemable Cumnulative Preference Shares of Rs. 100/- each
Total


Rs.   75.00 Lacs

Rs.   25.00 Lacs
Rs. 100.00 Lacs

Present Paid up Share Capital
- 25000 Equity Shares of Rs. 100/- each
(Wholly held by the Punjab Govt.)

Rs.   25.00 Lacs

Secured/Unsecured Loans:

The Corporation has raised Rs.15.00 Crores from Housing and Urban Development Corporation (HUDCO) to part finance the Forest Complex being constructed by the Forest Department,Punjab.  In lieu of this arrangment, Corporation is being handed over 40% area of the Forest Complex(Two Towers) for renting out to the other institutional tenant. The Punjab Govt. has taken over these two towers on rent from PSFDC.
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Punjab State Forest Development Corporation Limited
Forest Complex, Kumbra Road, Sector-68,
S.A.S. Nagar (Mohali), Punjab
Phone : (+91) 172 2232906

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Last Updated On

  • 28/10/2014

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