Andhra Cabinet Approves Rs 800 Bn Investment Push

30 Jul 2025 CW Team

Addressing the media at the state secretariat, Information and Public Relations Minister K Parthasarathy announced that the cabinet had cleared a significant investment package aimed at boosting employment and economic growth.

“Investment proposals worth nearly Rs 800 billion were approved. Up to 1.5 lakh jobs are expected from these investments,” said Parthasarathy.

The cabinet gave the green light to invite tenders for the Vizag Metro and approved the Vijayawada Metro project, signalling a strong push toward urban transport development.

Among key approvals:

Electronics Manufacturing Policy 4.0: Aimed at accelerating the growth of electronic industries in Andhra Pradesh.
Land allocation to Phenom People: 4.45 acres in Vizag for an investment of Rs 2 billion, expected to create 2,500 jobs.
Sify Infinity Spaces: 3.6 acre at Madhurawada IT Hill and 50 acres at Paradesipalem in Vizag at Rs 50 lakh per acre, for a proposed Rs 164.66 billion investment to build a major data hub.
Sattva Developers: 30 acres in Madhurawada allocated at Rs 10.5 million per acre for a Rs 150 billion project.
ANSR Global Corporation: 2.5 acre in Madhurawada approved for a Rs 10 billion investment.

“This strategic development will position Visakhapatnam as a key data hub, attracting technology-based firms and enhancing the state’s capabilities in cloud computing, data storage, and digital services,” Parthasarathy added.

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..