The State Investment Promotion Board (SIPB) has given its nod for investments worth a total of Rs 239 billion in the state. JSW Steel will invest Rs 88 billion in two phases for setting up the steel plant in Kadapa district. The board has also approved a 1,600 MW pumped hydro storage power project by Adani Green Energy which will invest Rs 63.30 billion providing direct employment to over 4,000 people. The SIPB has also cleared Rs 88.55 billion hydro storage projects by Shirdi Sai Electricals which will set up two units at Yerravaram and Somasila to produce combined 2,100 MW.
Contact: Government of Andhra Pradesh
Website: www.ap.gov.in
