Andhra Pradesh govt ties up with Essar to develop steel plant in Kadapa

06 May 2021 CW Team

The Andhra Pradesh (AP) Government has entered a partnership with Essar Steel for establishing a steel plant in the Kadapa district, with 3 million tonne per annum (mtpa) capacity.

On February 23, the state Cabinet withdrew its previous decision, electing Liberty Steel India as the JV associate to construct the YSR Steel Plant.

According to Information Minister Perni Venkataramaiah, the State Cabinet considered the proposal and accepted SBICAP's recommendation to pick Essar Steel as the JV partner.

The outlined capital expenditure of the project is Rs 11,606 crore. The government set up the YSR Steel Corporation for the progress and operation of a new steel plant in the Kadapa district and invited bids last November from prominent firms for recruiting as a joint venture partner.

The state government previously signed an agreement record with National Mineral Development Corporation (NMDC) for providing 4.5 million tonnes (mt) of iron ore required each year for the steel plant.

The government claims the plant would contribute to employment directly or indirectly to around 25,000 people.

The state merged 3,148.68 acres of area spread across two villages for the steel plant, and YSR Steel Corporation will take over the land for Rs 1,65,000 for an acre.

The Chief Minister of AP, YS Jagan Mohan Reddy, on December 23, 2019, set up the foundation of the steel plant in the Kadapa district's Jammalamadugu Mandal.

Image Source

Also read: MS Agarwal Foundries to set up new steel plant in Andhra

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..