Andhra Pradesh clears investment proposals worth Rs 16k cr
ECONOMY & POLICY

Andhra Pradesh clears investment proposals worth Rs 16k cr

The Andhra Pradesh government has cleared projects from 14 investors to set up new industries in the state. The investors will make investments to the tune of Rs 16,000 crore in the 14 units.

The file was given to Chief Minister YS Jagan Mohan Reddy for his clearance after the state investments promotion board (SIPB) approved the proposals. The investors have presented detailed project reports (DPRs), which comprises three industries in Kadapa district, two each in Chittoor and Nellore, and one each in Visakhapatnam, Guntur, Tirupati districts besides others.

Neelkamal group has offered to build a plastic unit at Rs 425 crore, while Pitti rail engineering components ltd has introduced a unit for Rs 400 crore. Both the units are intended to be established in the Kadapa district.

Jindal Steels has introduced a unit in the Nellore district, while Sri Chakra Cements has offered its unit in the Guntur district. French-based multinational corporation Saint Gobin has come forward to start its unit in the Visakhapatnam district. Century Plyboards India has also presented a proposal to invest in the Nellore district.

Government officials have kept a series of consultations with the representatives of these organisations and proposed a wide range of incentives to strike the deals. The incentives include the proper extent of land, discounted power supply and expected water supply to the units, sources indicated.

Image Source


Also read: Andhra Pradesh govt ties up with Essar to develop steel plant in Kadapa

Also read: Andhra Pradesh to upgrade 10 highways into NHs

The Andhra Pradesh government has cleared projects from 14 investors to set up new industries in the state. The investors will make investments to the tune of Rs 16,000 crore in the 14 units. The file was given to Chief Minister YS Jagan Mohan Reddy for his clearance after the state investments promotion board (SIPB) approved the proposals. The investors have presented detailed project reports (DPRs), which comprises three industries in Kadapa district, two each in Chittoor and Nellore, and one each in Visakhapatnam, Guntur, Tirupati districts besides others. Neelkamal group has offered to build a plastic unit at Rs 425 crore, while Pitti rail engineering components ltd has introduced a unit for Rs 400 crore. Both the units are intended to be established in the Kadapa district. Jindal Steels has introduced a unit in the Nellore district, while Sri Chakra Cements has offered its unit in the Guntur district. French-based multinational corporation Saint Gobin has come forward to start its unit in the Visakhapatnam district. Century Plyboards India has also presented a proposal to invest in the Nellore district. Government officials have kept a series of consultations with the representatives of these organisations and proposed a wide range of incentives to strike the deals. The incentives include the proper extent of land, discounted power supply and expected water supply to the units, sources indicated. Image Source Also read: Andhra Pradesh govt ties up with Essar to develop steel plant in Kadapa Also read: Andhra Pradesh to upgrade 10 highways into NHs

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement