+
Andhra Pradesh receives 340 investment proposals during the Global Investor Summit
ECONOMY & POLICY

Andhra Pradesh receives 340 investment proposals during the Global Investor Summit

Andhra Pradesh recently hosted a high-profile event that highlighted the state's advantages to global business leaders. The event was attended by several dignitaries and industry leaders, who shared their insights on the state's potential for growth and development. YS Jagan Mohan Reddy...

Andhra Pradesh recently hosted a high-profile event that highlighted the state's advantages to global business leaders. The event was attended by several dignitaries and industry leaders, who shared their insights on the state's potential for growth and development. YS Jagan Mohan Reddy, Chief Minister, Andhra Pradesh, stated, “It is a proud moment to announce that the state has received 340 investment proposals with investment of about Rs 13 trillion, providing employment to almost 600,000 people across 20 sectors distributed all along the state.” The CM also pointed out the potential of the state in the renewable energy sector. “Andhra Pradesh is blessed with a large renewable energy potential of 82.5 GW. It is one of the very few states in India that has combined potential for solar, wind and pumped storage. We have also identified and set aside dedicated land parcels for wind, solar and pumped storage projects”, he stated. Andhra Pradesh is India’s gateway to the southeast with its 974 km long coastline, the second longest in the country, six existing ports, and four upcoming ports. Coincidently, it has also emerged as the fastest-growing state in India, as per the numbers released so far, with double-digit growth of 11.43 per cent in 2021-22.

Next Story
Building Material

Ramco Cements Launches 'Hard Worker' Brand Identity

The Ramco Cements Limited has unveiled a new brand identity, “Hard Worker”, for its construction chemicals portfolio, with plans to scale the division’s revenue from Rs 2.1 billion in FY25 to Rs 20 billion within five years.The Hard Worker range includes 20 products such as tile adhesives, waterproofing solutions, bonding agents, and repair mortars, all manufactured in-house to ensure quality and sustainability. Available across Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, Odisha, and West Bengal, the products are distributed through Ramco’s extensive dealer network. The company aims..

Next Story
Infrastructure Energy

IndianOil, Air India Sign SAF Supply MoU

Indian Oil Corporation Limited (IndianOil) and Air India have signed a Memorandum of Understanding (MoU) for the supply of Sustainable Aviation Fuel (SAF), marking a significant step in India’s aviation decarbonisation journey.The agreement reflects both companies’ commitment to promoting low-carbon fuels in aviation and aligning with international climate goals. It follows IndianOil’s achievement as the first Indian company to receive ISCC CORSIA certification for SAF production at its Panipat Refinery. The certification, under ICAO’s Carbon Offsetting and Reduction Scheme for Interna..

Next Story
Infrastructure Urban

Markolines Q1 Profit Doubles, Revenue Up 44 Per Cent

Markolines Pavement Technologies Limited, an integrated highway maintenance solutions company, has reported strong growth in its Q1 FY26 results, with both revenue and profit showing sharp gains.Operating income rose 44 per cent year-on-year to Rs 727 million in Q1 FY26 from Rs 504 million a year earlier. EBITDA increased 38 per cent to Rs 75 million, while profit after tax more than doubled to Rs 38 million compared with Rs 17 million in Q1 FY25. PAT margin improved to 5.2 per cent from 3.4 per cent. Earnings per share also rose significantly to Rs 1.72 from Rs 0.90 last year.The company secu..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?