PM To Lay Foundation Stones for Development Works In Anakapalli

03 Jan 2025 CW Team

Prime Minister Narendra Modi will lay foundation stones for various projects, including the bulk drug park and NTPC's green energy project, in Anakapalli district on Jan 8.NTPC Simhadri power plant is setting up a 1 TPD seawater to green hydrogen plant in the Parawada area near Visakhapatnam. For seawater processing, NTPC has implemented an innovative, low-carbon desalination plant utilising waste heat from the thermal power plant flue gas, enabling low-cost conversion of seawater into hydrogen-grade water.

The district administration is making extensive preparations for the foundation laying ceremony of the bulk drug park. The drug park iis expected to employ around 20,000 people either directly or indirectly.

Anakapalli district collector Vijaya Krishnan that the district administration has got a tentative schedule of Prime Minister Narendra Modi's visit but added that they are yet to get a confirmed schedule from the officials concerned.

As per the initial plan, the Kakinada area in the undivided East Godavari district was considered for the bulk drug park. However, the central govt advised the state to set up a Bulk Drug Park where govt lands are available. Meanwhile, the state govt acquired around 4,500 acres through APIIC for the special economic zone (SEZ) at Nakkapalli mandal in Anakapalli district.

The AP govt proposed to allot 2,000 acres for the bulk drug park, and the central govt gave the green signal. According to sources, the bulk drug park would be set up on around 800 acres, and more than 1,200 acres would be allotted to roads, drains, drinking water, and other basic amenities, including effluent plants. As part of providing basic amenities, work started on more than 200 acres in Rajayyapeta village. Now, the coconut plantations are being removed by JCBs.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..