Latest Project Updates
Rs.1420 Million New Hotel Construction Project in Tirupati, Andhra Pradesh
Executive Summary: A new 5-star hotel project is underway in Tirupati, Andhra Pradesh, set to offer 100 rooms for both domestic and international travelers. The estimated cost is Rs.1420 million, to be financed through internal accruals and debt. The hotel is slated for operation by March 30, 2027, with pre-project activities currently in progress as of November 2023.
Rs.900 Million Cement Plant Expansion Project in Guntur, Andhra Pradesh
Executive Summary: A waste heat-based power plant will be set up in Guntur, AP at a cost of Rs. 601.8 million to generate 6.85 MW of electricity. The project also involves increasing limestone production from 2 to 2.25 MTPA with a total excavation of 2.472 MTPA. The company received consent from pollution control authorities in Nov 2017, and the project is expected to create job opportunities, promote sustainability, and meet the growing demand for cement products.
Rs.6790 Million Tire Mfg. Expansion Project in Visakhapatnam, Andhra Pradesh
Executive Summary: A tire manufacturing project is slated for the De-Notified area of APSEZ, Atchuthapuram, Visakhapatnam, Andhra Pradesh. The venture will produce Off the Road Tires (OTR)/Off-highway Tires (OHT), Solid Tires, and Radial OTR (ROTR) with a capacity of 135 TPD, at an estimated cost of Rs. 7987.3 million. The project received environmental consent in November 2020 and is set for a Rs. 6790 million expansion, approved by the State Investment Promotion Board as of November 2023.
Rs.500 Million New Food Products Mfg. Unit in Visakhaptnam, Andhra Pradesh
Executive Summary: A new food products manufacturing unit is planned for Maddi, Visakhapatnam, Andhra Pradesh, with an estimated cost of Rs. 500 million. As of November 2023, the company has received an investment proposal from the State Investment Promotion Board, highlighting the project's economic potential and strategic significance.
Rs.61740 Million New Green Hydrogen and Green Ammonia Unit in Nellore, Andhra Pradesh
Executive Summary: In Krishnapatnam, Andhra Pradesh, a company plans to convert a thermal power unit into a Green Hydrogen and Green Ammonia facility. Estimated at Rs. 61,740 million, the project received an investment proposal from The State Investment Promotion Board as of October 2023, marking a significant stride towards sustainable energy solutions.
Rs.4049 Million New Grain Based Distillery Unit in Krishna, Andhra Pradesh
Executive Summary: A company is planning to establish a 300 KLPD grain-based distillery unit with a 9 MW cogeneration power plant in Andhra Pradesh, India. The estimated cost is Rs.4049 million, with construction starting in November 2022 and ending in January 2024. Environment clearance is underway as of October 2022.
New Resins Mfg. Project in Vizianagaram, Andhra Pradesh
Executive Summary: A resin manufacturing project in Vizianagaram, Andhra Pradesh, with a production capacity of 3.5 TPD or 1000 TPA. The project, with an estimated cost of Rs. 4 million, is in the process of seeking State Level Environment Impact Assessment Authority for environment clearance, with construction scheduled from January to September 2024.
Rs.2900 Million New Construction of Hospital Building in Visakhapatnam, Andhra Pradesh
Executive Summary: A 400-bed hospital in Visakhapatnam, Andhra Pradesh, with a budget of Rs. 2900 million. Construction is scheduled from December 2023 to October 2025. As of October 2023, the project is under review by the State Level Environment Impact Assessment Authority for environmental clearance.
Rs.5490 Million Cement Plant Expansion Project in NTR District, Andhra Pradesh
Executive Summary: A major cement expansion project is underway in Muktyala, Andhra Pradesh, aiming to increase production capacity from 3.52 to 5.52 million metric tonnes per annum (MTPA), along with clinker production from 3.06 to 4.8 MTPA. Estimated at Rs. 5490 million, construction starts in January 2024, slated for completion by December.
New Coffee Processing Unit in ASR District, Andhra Pradesh
Executive Summary: A new coffee processing unit is planned in Downuru village, ASR District, Andhra Pradesh. The project, costing Rs.30 million, aims to elevate the local coffee processing industry. In October 2023, the foundation stone was laid, signifying a significant milestone. The venture prioritizes sustainability and community empowerment, reflecting a commitment to responsible business practices.