About APSGDCF Ltd.

A.P. MEAT DEVELOPMENT CORPORATION LIMITED

 

The A.P. Meat and Poultry Development Corporation was established on 31.10.1977 Vide G.O.Ms.No.795, Forest & Rural Development dated 26.10.1977. The Government based on the recommendation of Subramanyam Committee constituted a Cabinet Sub-Committee to restructure A.P.S. M.P.D.C.L.

 The recommendations of the Sub-Committee were:-

 -  To continue the Meat activity confining to the establishment of Modern Abattoirs and Consultancy Services in the State.

 -  To rename the Corporation as A.P.M.D.C.

 Accordingly, the Corporation was renamed as A.P.M.D.C. on 2.3.2000 and the Construction of Modern Abattoir Project; Chengicherla was completed and was put to operation on 1.1.2004.

 Since, the Municipal Corporation Hyderabad has not come forward to takeover the Modern Abattoir Project, Chengicherla, it is being maintained by the APMDCL. Proposals to privatize the MAP, Chengicherla is under active consideration of the Government.

 FINANCIAL POSITION OF THE CORPORATION;

 The Corporation has authorized share capital of Rs.10 crores and paid up capital is Rs.6.87 crores and share deposit of Rs.23.55 crores. The accrued loss of the corporation as on 31.3.2006 is Rs.15.06 crores.

 -  The Corporation is having assets worth of Rs 49.75 Crores and whereas the liabilities of the corporation is Rs.9.14 crores(approx).

 -  The Annual accounts for the year 2003-04 was completed in all aspects.  The Statutory Audit for the year 2004-05 is in progress.

The Hon’ble Chief Minister, Govt of A.P. was pleased to announce the Reconstitution of A.P. Sheep and Goat Development Cooperative Federation Ltd., by absorbing A.P. Meat Development Corporation Ltd., along with all its assets, liabilities and the present staff working with it in the review meeting held on 14.6.2005.  The modalities are being worked out.

 

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