RLDA Invites Bids for Leasing 5532 Sq. Metres in Andhra Pradesh

23 Jul 2024 CW Team

The Rail Land Development Authority (RLDA) has announced the invitation of bids for leasing a prime commercial land parcel in Andhra Pradesh. The land spans 5532 square metres and is strategically located, offering a significant opportunity for commercial development.

This land parcel is situated in the city of Guntur, known for its economic and cultural significance in the state. The site is positioned near the Guntur Railway Station, enhancing its commercial potential due to the high footfall and connectivity.

RLDA aims to lease the land for commercial purposes, including retail, hospitality, and mixed-use development. The authority has highlighted that the land is ideally suited for projects that can benefit from the proximity to the railway station and the vibrant local economy.

The leasing process is part of RLDA?s broader strategy to monetize railway assets and promote commercial development on railway land across India. This initiative is expected to generate substantial revenue for the Indian Railways while also contributing to the local economy by attracting investment and creating job opportunities.

Interested bidders are required to submit their proposals by the specified deadline. The bidding process will be transparent and competitive, ensuring that the land is leased to entities with strong development plans and financial stability.

RLDA?s efforts to lease this commercial land in Guntur align with its mission to optimise railway land resources and support the government's vision of infrastructure development and urban renewal. This initiative marks another step towards the effective utilisation of railway assets for the nation?s growth.

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..