APMDC

JOINT VENTURE COMPANIES

Andhra Phosphate Pvt. Ltd, Visakhapatnam

The Corporation entered into an Memorandum of Understanding in 1974 with Mr. P. C. Ranga Raju and Associates for formation of a Joint Venture Company in the name of Andhra Phosphate Private Limited for exploitation of Apatite and Vermiculite over an extent of 16.11 Ha., in Narasimharajapuram village, Anathagiri mandal, Visakhapatnam District. The Authorised Capital is Rs. 25 Lakhs and paid up capital is Rs.22.20 Lakhs with equal equity participation by APMDC and Mr. P. C. Ranga Raj and Associates.

The Company is providing employment to about 70 tribal workers in the mine and in Pulverisation Plant located at S. Kota in Vizianagaram District. The Corporation so far received Rs. 15,99,400/- towards technical consultancy fee upto the year 2006-07 and Rs. 11,65,100/- towards dividend from the Joint Venture Company upto the year 2005-06.

A.P Granite (Midwest) Pvt Ltd.

The Corporation entered Joint Venture Agreement with M/s Midwest Granite Pvt Ltd on 04.06.2007 for quarrying and estblishing world calss 100% EoU processing Unit of Black Galaxy Granite over an extent of 19.43 Hects in Sy. No.55/5, R.L.Puram Village, Cheemakurthy Mandal, Prakasam District.The APMDC Hold fully paid of equity shares of 11% at all times.The Authorised capital of JVC is Rs.10.00 Crores.

Pallava Red Granite Pvt Ltd.

The Corporation entered Joint Venture Agreement with M/s Pallava Red Granite Pvt Ltd on 03.03.2008 for quarrying and estblishing world calss 100% EoU processing Unit of Black Galaxy Granite over an extent of 14.17 Hects in Sy. No.55/3C, R.L.Puram Village, Cheemakurthy Mandal, Prakasam District.The APMDC Hold fully paid of equity shares of 11% at all times.The Authorised capital of JVC is Rs.10.00 Crores.

A.P.Iron Ore Company Ltd (Gimpex Ltd).

The Corporation entered Joint Venture Agreement with M/s A.P.Iron Ore Company Ltd(Gimpex Ltd) on 02.07.2009 for Mining and Beneficiation of Low Grade Iron Ore over an extent of 1307.26 Acrs in Villages of Konijedu, Marlapadu,Kanduluru,Sarvireddipalem & Errajarala of Tangaturu and Ongole Mandals of Prakasam District. The APMDC Hold fully paid of equity shares of 51% in the SPV-Mining Company and 11% of equity shares in SPV-Beneficiation Company.