Andhra CM to lay stone for Ramayapatnam port on July 20

19 Jul 2022 CW Team

The Andhra Pradesh government has set the stage for the launch of works on Ramayapatnam port in the Nellore district. Chief Minister YS Jagan Mohan Reddy will lay the foundation stone for the project on July 20. The project, which is estimated to cost 11,000 crore, will be completed in three phases.

The Nellore district administration has already completed the acquisition of 803 acres of land from locals and handed it over to the AP Maritime Board (APMB). The APMB has finalised tenders for the construction of the port.

Interestingly, the state government is developing the port with its own resources with a view to generating more revenue from port operations. The neighbouring Krishnapatnam port was initially owned by Navayuva Engineering Company (NEC) but subsequently taken over by the Adani group. With Krishnapatnam port already overcrowded with cargo, Ramayapatnam port is expected to be a boon to the overall economic development of the state.

With neighbouring Prakasam district producing world-class granite in Chimakurthy, Addanki and Martur region, the port in Ramayapatnam is expected to boost industrial development in Kandukur division.

Also read:
Andhra Pradesh CM inaugurates Jindal Waste-to-Energy Plant
Andhra Pradesh Govt approves CRDA's plan to sale Amaravati

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..