Latest news with #A.P.IndustrialDevelopmentPolicy
The Hindu
27-07-2025
- Business
- The Hindu
Govt. offers special package of incentives to Kadapa steel plant
The State government on Sunday announced a special package of incentives to JSW A.P. Steel Limited for the establishment of a 2-MMTPA Integrated Steel Plant (ISP) at Sunnapurallapalle village of Jammalamadugu mandal in Kadapa district, to be named as JSW-Rayalaseema Steel Plant. It was stated in G.O. issued by Secretary (Industries & Commerce) N. Yuvaraj, that the JSW Steel Limited proposed to set up the ISP in two phases of 1 MMTPA production capacity each, with an aggregate investment of ₹16,350 crore (Phase-I — ₹4,500 crore and Phase-II — ₹11,850 crore). The JSW Steel intended to begin the construction of first phase in January 2026 and begin commercial production by April 2029. The government is allotting 1,100 acres at Sunnapurallapalle on an Outright Sale Basis (OSB) at a rate ₹5 lakh per acre, and 200 acres at the same village on OSB for the establishment of a township. Tailor-made incentives are being offered up to 50% of Fixed Capital Investment (FCI), allowing exemption of the project from the List of Ineligible Industries under the A.P. Industrial Development Policy (4.0) 2024-29 contingent upon investment of ₹3,730 crore as FCI by December 2028. Similar incentives are made applicable for further phases of investment. Other incentives are 20% capital incentive up to ₹607.20 crore to be disbursed over a period of 10 years, electricity duty subsidy up to ₹1,092 crore within 10 years, decarbonization subsidy up to ₹149.20 crore on investment of ₹3,730 crore, and stamp duty reimbursement of ₹4.875 crore. The same incentive of 50% of FCI is applicable for the second phase of investment by JSW Rayalaseema Steel Limited for the establishment of additional 1 MMTPA Steel Plant, provided the same is commissioned as per the committed timelines. The facilities approved by the government are: double circuit power transmission line of 400KV from Jammalamadugu substation, along with a distribution substation, for power requirement of 268 MW, water supply pipeline, along with pumping infrastructure, from Gandikota reservoir for an assured supply of 2 tmc ft per annum and a 15-km pipeline from Mylavaram dam, a 12-km four-lane access road to NH-67, and a 12-km extension railway line to the plant from Muddanuru station (between Proddatur – Yerraguntla station).
The Hindu
05-07-2025
- Business
- The Hindu
Foundation stone for Arcelor Mittal-Nippon Steel plant likely to be laid in Anakapalli district in October
The Andhra Pradesh Government is gearing up to have the foundation laid for the mega integrated steel plant of Arcelor Mittal-Nippon Steel (AM&NS) in Anakapalli district in October and get it completed by the end of 2028. Kadapa plant Apart from this, Chief Minister N. Chandrababu Naidu is keeping in direct touch with the Jindal Group to give a tangible shape to the steel plant in Kadapa district, which is to be established in compliance with the A.P. State Reorganization Act of 2014, but has been hanging fire for over a decade now. As far as the AM&NS steel plant is concerned, up to 6,000 acres of land has already been acquired and pollution clearance for it is expected to come in September, Industries & Commerce Minister T.G. Bharat has said, while claiming that some major players in the steel sector (other than AM&NS) are exploring the opportunities to invest in the State. In an exclusive interview with The Hindu on Saturday, Mr. Bharat said top priority was given to the establishment of the AM&NS plant, and revival of the Visakhapatnam Steel Plant (VSP), which achieved a turnaround due to the financial package given by the Central government, after tottering on the brink of disinvestment. More in the pipeline On the other hand, the government has, in recent months, cleared multiple proposals for the establishment of industries with investments ranging from ₹100 crore to ₹5,000 crore. They are in various stages, and a good number of them are in the solar power, pharma and semiconductor sectors. Steps are taken for the development of an industrial corridor between Lepakshi and Orvakal. Mr. Bharat said that Hyderabad-based Skyroot Aerospace, which had sent India's first privately built rocket into space in late 2022, expressed keenness to set up a testing facility at Sriharikota. Besides, some big semiconductor manufacturing units were in the process of being established by South Korean and Taiwanese companies. A.P. Industrial Development Policy (4.0) 2024-29, A.P. Food Processing Policy (4.0) 2024-29, A.P. MSME & EDP (4.0) 2024-29, and A.P. Private Industrial Parks Policy (4.0) 2024-29 laid a comprehensive framework that was needed to transform the State into a progressive industrial destination. The speed with which businesses were being facilitated was helping Andhra Pradesh in clinching big deals, Mr. Bharat said, adding that several major projects were in the pipeline and the State would retain its leadership in Ease-of-Doing Business rankings.
