TCS Gets 21 Acres in Vizag for 99 Paise, to Invest Rs 1.37B
ECONOMY & POLICY

TCS Gets 21 Acres in Vizag for 99 Paise, to Invest Rs 1.37B

Andhra Pradesh has cleared the allotment of 21.16 acres of land in Visakhapatnam to Tata Consultancy Services (TCS) at a token price of just 99 paise, signalling a renewed push to attract major tech investments.

The decision, approved during a recent cabinet meeting, will pave the way for a Rs 1.37 billion TCS development centre in the city, which is expected to generate 12,000 jobs. The move is the result of months of engagement between the state government and Tata Sons, led by IT Minister Nara Lokesh.

Officials said the symbolic land price is aimed at sending a strong message to the industry that Andhra Pradesh is serious about positioning itself as a competitive destination for IT and electronics investments—similar to Gujarat’s strategy when it offered land to Tata Motors in Sanand.

The state is now betting on Visakhapatnam to emerge as a new tech hub, with TCS as the anchor player in its ambitious IT growth roadmap.

Andhra Pradesh has cleared the allotment of 21.16 acres of land in Visakhapatnam to Tata Consultancy Services (TCS) at a token price of just 99 paise, signalling a renewed push to attract major tech investments. The decision, approved during a recent cabinet meeting, will pave the way for a Rs 1.37 billion TCS development centre in the city, which is expected to generate 12,000 jobs. The move is the result of months of engagement between the state government and Tata Sons, led by IT Minister Nara Lokesh. Officials said the symbolic land price is aimed at sending a strong message to the industry that Andhra Pradesh is serious about positioning itself as a competitive destination for IT and electronics investments—similar to Gujarat’s strategy when it offered land to Tata Motors in Sanand. The state is now betting on Visakhapatnam to emerge as a new tech hub, with TCS as the anchor player in its ambitious IT growth roadmap.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement