H.P. State Forest Corporation was established on 25th March,1974 and the company was renamed as HP State Forest Development Corporation Limited on 15th September, 2008. The resin and timber works were transferred to Corporation in a phased manner.

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HPSFDCL is primarily engaged in resin extraction, resin processing, timber harvesting and sale from Government forests in the State besides extraction of fuel-wood, pulpwood, khair and bamboo. From Resin,  Rosin and turpentine oil and other subsidiary products like phenyl, varnish, black Japan etc are extracted as by products from R&T Factories located at Nahan and Bilaspur. As a secondary activities, Corporation also runs timber treatment plants, wood based unit and ecotourism sites.