State Tubewell Corporation (P.S.T.C.) now Punjab
Water Resources Management & Development Corporation
(PWRM&DC) was incorporated in December, 1970
with the main objectives of utilization of ground water
resources in the State of Punjab thereby providing irrigation
facilities to the farmers through installation of Deep
Tubewells in the most backward Kandi area of the State
which is devoid of other means of irrigation due to
deep water table and difficult underground geological
promote improve, establish, executive, install,
manage and administer Tubewells and other minor
irrigation projects or enterprises and manufacture
spare parts, machinery, tools implements, materials,
substances, goods or things of any description which
in the opinion of the Company are likely to promote
or advance the development of irrigation in the
State of Punjab.
To take over from the Government of Punjab the existing system of State owned irrigation and augmentation Tubewells along with connected buildings, assets, works and any of their project connected with the installation, maintenance and operation of the State owned Tubewells with the right and liabilities of the Government of Punjab so for as they relate to such Tubewells buildings, assets, works or projects.
These assets shall be taken over by the Punjab Water Resources Management & Development Corporation Limited.