VSEZ approves 12 units with Rs 19.56 B investment

29 Aug 2023 CW Team

Twelve new proposals have gained approval to establish units within the Visakhapatnam Special Economic Zone (VSEZ), with three in Andhra Pradesh and nine in Telangana. The approved projects, primarily software companies targeting clients in Canada and the US, are set to invest ₹19.56 billion and create jobs for 2,943 individuals.

The Andhra Pradesh units consist of M/s. Advait Biofuels Private Limited for biodiesel manufacturing, M/s. Biocon Limited and M/s. Granules CZRO Private Limited for pharmaceutical production. All three units will be located in Visakhapatnam district.

In Telangana, the nine units include companies like M/s. Purview India Consulting and Services LLP, M/s. Sigmasoft Infotech Pvt. Ltd, and M/s. Cadeploy Engineering Pvt. Ltd. These companies will contribute to the region's growth, situated in the Ranga Reddy district.

The combined investments of these nine units under VSEZ's Hyderabad sub-office are expected to reach approximately ₹19.36 billion, generating employment for around 2,736 individuals.

A VSEZ official at the Hyderabad office explained that all the approved firms focus on information technology and IT-enabled services, encompassing areas like Strategy Services, Managed IT Services, IT Design and Development Services, and more.

Srinivas Muppaala, VSEZ Zonal Development Commissioner, stated that the green-lighting of these 12 units in the first quarter of the fiscal year is a positive indicator. He expressed hope that they would commence operations within the stipulated six months.

Established in 1989, VSEZ occupies 360 acres, headquartered in Duvvada, Visakhapatnam. The zone serves export-oriented units not only in Andhra Pradesh and Telangana but also in Chhattisgarh and Yanam.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..