Andhra CM Launches Projects, Signs Rs.36.83 Bn Deals at Sri City

21 Aug 2024 CW Team

Andhra Pradesh Chief Minister Y. S. Jagan Mohan Reddy has inaugurated several new projects and signed agreements worth ?36.83 billion at Sri City, a major industrial and business hub. The initiatives aim to bolster economic growth and enhance infrastructure in the region.

During the event, the Chief Minister highlighted the significance of these projects in driving regional development and creating job opportunities. The newly inaugurated projects span various sectors, including manufacturing, infrastructure, and renewable energy, reflecting a diverse approach to economic advancement.

Among the key agreements signed, notable deals involve investments in industrial facilities and green energy projects. These agreements are expected to attract significant capital inflow and foster industrial growth in Sri City, reinforcing its status as a prominent business destination.

The projects and agreements also align with the state government's broader objectives to boost industrialization, improve infrastructure, and support sustainable development. By investing in diverse sectors, the government aims to create a balanced economic ecosystem that benefits various industries and communities.

The Chief Minister emphasised the government's commitment to creating a favourable business environment and supporting investor interests. The strategic investments are expected to enhance the region's economic landscape, providing a solid foundation for future growth and development.

Overall, the inauguration and agreements mark a significant milestone for Sri City and Andhra Pradesh, underscoring the state's proactive approach to fostering economic progress and infrastructure development. The new projects are poised to drive job creation and contribute to the region's long-term prosperity.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..