AP Cabinet Clears Rs 1.35 Trillion Steel Project

08 Apr 2025 CW Team

Phase 2 will add a 10.5 MTPA steel plant by 2033, involving a Rs 800 billion investment and an additional captive port of Rs 53.8 billion, together projected to create over 40,000 jobs.

The cabinet also approved the development of ports and fishing harbours across viable coastal locations and committed to protecting the Visakhapatnam Steel Plant by converting a Rs 24 billion power bill into equity, helping the plant return to profitability. State police will now be deployed at the plant, replacing central security.

To boost tourism, the cabinet plans to build 50,000 hotel rooms in the next five years and develop temple tourism. In support of the hospitality sector, bar licence fees for three-star and above hotels will be reduced from Rs 660 million to Rs 250 million.

The cabinet also approved financial guarantees for AP Power Finance Corporation to secure Rs 7.1 billion from HUDCO and ratified Rs 17.35 billion in compensation related to the Polavaram hydroelectric project. Additionally, it cleared the formation of the 'Jala Harathi Corporation' to manage the Polavaram-Banakacherla link project.

Cultural promotion through the Ugadi Puraskars and support for arts and youth initiatives were also endorsed, signaling the state’s commitment to holistic development.

(deccanchronicle)

The Andhra Pradesh cabinet, chaired by Chief Minister N. Chandrababu Naidu, has approved a slew of major initiatives to drive industrial and tourism development in the state. Key among them is the green light given to ArcelorMittal Nippon Steel India for setting up a massive Rs 1.35 trillion steel plant in Anakapalli district. The project will be developed in two phases—Phase 1 involving a Rs 559.64 billion investment for a 7.3 MTPA steel plant and a Rs 58.16 billion captive port, both expected to be operational by January 2029 and generate over 21,000 jobs. Phase 2 will add a 10.5 MTPA steel plant by 2033, involving a Rs 800 billion investment and an additional captive port of Rs 53.8 billion, together projected to create over 40,000 jobs. The cabinet also approved the development of ports and fishing harbours across viable coastal locations and committed to protecting the Visakhapatnam Steel Plant by converting a Rs 24 billion power bill into equity, helping the plant return to profitability. State police will now be deployed at the plant, replacing central security. To boost tourism, the cabinet plans to build 50,000 hotel rooms in the next five years and develop temple tourism. In support of the hospitality sector, bar licence fees for three-star and above hotels will be reduced from Rs 660 million to Rs 250 million. The cabinet also approved financial guarantees for AP Power Finance Corporation to secure Rs 7.1 billion from HUDCO and ratified Rs 17.35 billion in compensation related to the Polavaram hydroelectric project. Additionally, it cleared the formation of the 'Jala Harathi Corporation' to manage the Polavaram-Banakacherla link project. Cultural promotion through the Ugadi Puraskars and support for arts and youth initiatives were also endorsed, signaling the state’s commitment to holistic development. (deccanchronicle)

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

Infrastructure Urban

08 May 2026

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Infrastructure Transport

08 May 2026

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..