+
Andhra Cabinet Approves Rs 27.23 Bn for Amaravati
ECONOMY & POLICY

Andhra Cabinet Approves Rs 27.23 Bn for Amaravati

The Andhra Pradesh cabinet approved two major engineering projects worth Rs 27.23 billion for Amaravati, the greenfield capital city, during a meeting on Thursday. These projects include a 1 million tonne per annum green ammonia manufacturing facility and South India's first integrated energy project. Highlighting the previous neglect of Amaravati under the YSRCP regime, Information and Public Relations Minister K Parthasarathy emphasised that the TDP-led government is focused on transforming Amaravati into a world-class capital.

Parthasarathy mentioned that development projects in Amaravati will be executed with financial assistance from organisations like the World Bank, HUDCO, and Germany, and that fresh tenders are being floated as per their guidelines. Unlike the earlier administration, he noted, several industrialists are now expressing interest in setting up operations in Andhra Pradesh.

The cabinet approved the proposal by AM Green Ammonia (India) to establish a green ammonia facility with a 1 MMTA capacity in Kakinada. Additionally, Clean Renewable Energy Hybrid Three Way received approval to develop a solar hybrid and battery storage project in the Nandyal and Kadapa districts, comprising 119 MW of wind energy and 130 MW of solar energy capacity.

Parthasarathy also announced that Tata Power Renewable Energy would establish a 400 MW solar energy project, with the conglomerate managing its land requirements. This initiative is expected to attract Rs 20 billion in investments and create 1,380 jobs. The cabinet also sanctioned Reliance Industries’ proposal to construct 500 compressed biogas (CBG) plants across various districts, with a total capacity of 11,000 tonnes. This project is expected to bring Rs 650 billion in investments and generate employment for 2.5 lakh individuals.

The minister further revealed that Prime Minister Narendra Modi is scheduled to visit Visakhapatnam on January 8. Arrangements are being made for a public meeting at Andhra University's engineering college grounds, with the PM set to conduct a roadshow from Sampat Vinayak temple to the venue. During his visit, the Prime Minister will lay the foundation stone for the NTPC green hydrogen hub at Pudimaka, which involves Rs 653.70 billion in investments over three phases.

Additionally, Modi will inaugurate the Rs 15.18 billion Krishnapatnam Industrial Hub, whose first phase spans 2,500 acres, and lay the foundation for the Visakhapatnam railway zone along with other development initiatives.

The Andhra Pradesh cabinet approved two major engineering projects worth Rs 27.23 billion for Amaravati, the greenfield capital city, during a meeting on Thursday. These projects include a 1 million tonne per annum green ammonia manufacturing facility and South India's first integrated energy project. Highlighting the previous neglect of Amaravati under the YSRCP regime, Information and Public Relations Minister K Parthasarathy emphasised that the TDP-led government is focused on transforming Amaravati into a world-class capital.Parthasarathy mentioned that development projects in Amaravati will be executed with financial assistance from organisations like the World Bank, HUDCO, and Germany, and that fresh tenders are being floated as per their guidelines. Unlike the earlier administration, he noted, several industrialists are now expressing interest in setting up operations in Andhra Pradesh.The cabinet approved the proposal by AM Green Ammonia (India) to establish a green ammonia facility with a 1 MMTA capacity in Kakinada. Additionally, Clean Renewable Energy Hybrid Three Way received approval to develop a solar hybrid and battery storage project in the Nandyal and Kadapa districts, comprising 119 MW of wind energy and 130 MW of solar energy capacity.Parthasarathy also announced that Tata Power Renewable Energy would establish a 400 MW solar energy project, with the conglomerate managing its land requirements. This initiative is expected to attract Rs 20 billion in investments and create 1,380 jobs. The cabinet also sanctioned Reliance Industries’ proposal to construct 500 compressed biogas (CBG) plants across various districts, with a total capacity of 11,000 tonnes. This project is expected to bring Rs 650 billion in investments and generate employment for 2.5 lakh individuals.The minister further revealed that Prime Minister Narendra Modi is scheduled to visit Visakhapatnam on January 8. Arrangements are being made for a public meeting at Andhra University's engineering college grounds, with the PM set to conduct a roadshow from Sampat Vinayak temple to the venue. During his visit, the Prime Minister will lay the foundation stone for the NTPC green hydrogen hub at Pudimaka, which involves Rs 653.70 billion in investments over three phases.Additionally, Modi will inaugurate the Rs 15.18 billion Krishnapatnam Industrial Hub, whose first phase spans 2,500 acres, and lay the foundation for the Visakhapatnam railway zone along with other development initiatives.

Next Story
Infrastructure Energy

Telangana Plans Rs 135 Bn Underground Cable Project

The Telangana government has unveiled an ambitious Rs 135 billion initiative to replace 25,000 km of overhead power lines with underground (UG) cables across the Core Urban Region (CUR), which includes Greater Hyderabad, areas within the Outer Ring Road, and Bharat Future City. The project seeks to modernise the city’s electrical infrastructure, aiming to reduce outages caused by weather or accidents.Led by the Southern Power Distribution Company of Telangana Ltd (TGSPDCL), the scheme is designed to improve safety, reduce disruption during rainfall, and lower long-term maintenance costs. Cur..

Next Story
Infrastructure Energy

Nayara Ships Fuel Despite EU Sanctions Disruption

Russia-backed Indian refiner Nayara Energy has exported its first petrol cargo since being sanctioned by the European Union on 18 July, according to four shipping sources and LSEG data.The tanker Tempest Dream, carrying approximately 43,000 metric tonnes (363,350 barrels) of petrol, departed on Monday for Sohar, Oman, based on LSEG shipping data, although the buyer’s identity remains unverified. The vessel was itself sanctioned by the United Kingdom in June.A second vessel, the Sard, currently docked at Nayara’s Vadinar port in western India, is expected to load around 43,000 tonnes of die..

Next Story
Infrastructure Urban

Brokerages Bullish on Vedanta’s FY26 Growth Prospects

Major Indian and global brokerages remain optimistic about Vedanta Ltd’s performance for FY26, highlighting firm London Metal Exchange (LME) pricing, disciplined cost controls, a strong aluminium business, and deleveraging as the company’s key growth drivers.Several upcoming growth projects, slated for commissioning over the next few quarters, also support the positive outlook.JP Morgan reported that Vedanta’s consolidated EBITDA for Q1 was broadly in line with expectations. Segments such as aluminium, oil and gas, and power performed better than anticipated, resulting in a segmental EBI..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?