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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..