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
Real Estate

Dharavi Rising

Dharavi, Asia’s largest informal settlement, stands on the cusp of a historic transformation. With an ambitious urban renewal project finally taking shape, millions of residents are looking ahead with hope. But delivering a project of this scale brings immense challenges – from land acquisition to rehabilitate ineligible residents outside Dharavi and rehabilitation to infrastructure development. It also requires balancing commercial goals with deep-rooted social impact. At the helm is SVR Srinivas, IAS, CEO & Officer on Special Duty, Dharavi Redevelopment Project (DRP), Government..

Next Story
Real Estate

MLDL Records 20.4% Growth in Pre-Sales

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced its financial results for the quarter ended March 31, 2025. In line with INDAS 115, the company recognises revenues using the completion of contract method. Key highlights FY25: Consolidated sales (Residential and IC&IC) of Rs 32.99 billion. Gross development value (GDV) additions in FY25 were Rs 1.81 trillion compared to Rs 440 billion in FY24 (~4x growth). Residential pre-sales of Rs 28.04 billion in FY25, reflecting 20.4% growth o..

Next Story
Infrastructure Transport

UCSL Delivers India's First Green Cargo Vessel to Norway

In a landmark achievement for Indian shipbuilding and the Atma Nirbhar Bharat initiative, Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), has delivered the first of six next-generation green cargo vessels to Norway-based Wilson Ship Management AS, Europe’s largest short-sea shipping operator. The 3,800 DWT vessel, named Wilson Eco 1, was handed over during a ceremony at New Mangalore Port. The delivery is part of a Rs 5.06 billion project supported by Norway’s green maritime funding programme, marking India's entry into the European eco-friendly ca..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?