PCBL Chemical acquires 116.62 acre in Andhra Pradesh for Rs 37.18 bn plant

29 Nov 2024 CW Team

Philips Carbon Black (PCBL), a carbon black manufacturer, announced on that the Government of Andhra Pradesh has approved the allocation of 116.62 acre of land at Naidupeta MPSEZ for the establishment of a rubber black and value-added chemicals manufacturing unit.

In a regulatory filing, PCBL informed that the Government of Andhra Pradesh had, through a notification, granted approval for the allotment of 116.62 acre of land, contingent upon the de-notification of the Naidupeta SEZ in favour of the company and fulfillment of other conditions mentioned in the notification.

The land is priced at Rs 1,948 per square meter, subject to the de-notification of the Naidupeta SEZ and compliance with specified conditions. PCBL intends to invest Rs 37.18 billion in the project, which is expected to create direct employment for 200 individuals.

The proposal received approval during the State Investment Promotion Board (SIPB) meeting on November 19, 2024, following recommendations from the State Investment Promotion Committee (SIPC).

The land allocation is conditional on PCBL meeting the outlined investment and employment commitments and adhering to the project timelines set by the Andhra Pradesh Industrial Infrastructure Corporation (APIIC).

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..