The Company was incorporated on 7th April, 1983 as Punjab Agro Furane
Ltd., and changed its name to the present one on 19th May, 1986.
The Company has been jointly promoted by PSIDC, Chandigarh and Oswal
Agro Mills Ltd., New Delhi. The Company set up a Plant at Village
Bhasaur in District Sangrur in Punjab, which is 5 kms. from Dhuri
Railway Junction linked to Ludhiana.
The Race Mill of the Company commenced commercial production on 28th
December, 1987. The furfural Plant, Solvent Extraction Plant and the
Steamer Boiler have also been commissioned during 1988. The Company
has also plans to diversify into the manufacture of furfuryl Alcohol
and Furane Resins from furfural, White Cement from rice hush ash and
installation of Par Boiling facility in the Rice Milling Plant.