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 Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..