The 5-year analysis of Assam Company India Ltd's performance infers:
We analysed the performance of Assam Company India Ltd share prices over the last 10 years. Here is what we found out:
Assam Company (ACL) was incorporated in 1977 primarily for tea cultivation in India. Besides tea plantation, the company is also engaged in the business of infrastructure and oil and gas exploration.
Currently the company operates 16 factories and owns 19 tea estates and gardens spread over 12000 hectares. ACL has manufacturing capacity of 15 million kg of tea.
The company operates in the oil and gas sector in association with Canoro Resources through blocks located in Assam and
The company operates in the oil and gas sector in association with Canoro Resources through blocks located in Assam and Assam-Arakan Basin. It also operates three marginal blocks namely Laxmijan, Barsilla and Bihubar under service contracts from ONGC.
ACL has contracts with Oil India and Indian Oil Corporation for transportation and sale of crude oil. ACL has also entered into gas sale agreement with GAIL, OIL and ONGC.
Internationally, the company owns wholly-owned subsidiary Duncan Macneill Natural Resources (DMNRL), UK. DMNRL holds 22.5% equity stakes in Austin Exploration.
The company also entered in to joint venture with DMS Exploration Services, LLC in USA for exploration purposes in Australia and US.
The company has received various certifications such as ISO 9001:2000, ISO 14001:2004 and OHSAS 18001:2007 for its quality management.
Assam Company has entered into a memorandum of understanding with GSPC to develop sector specific SEZ in order to providing products and services for oil and gas and petrochemicals in Gujarat.
ACL was first tea company in the world to export tea, brand premium blends and to establish tea garden.
The company was first to create tea seeds gardens.
Assam Company has acquired 'AA-ONN-2005/1', the only block in Assam Arakan basin offered under NELP-VII. This has led to an expansion of its E&P asset portfolio.
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