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Greenlam Industries to invest Rs 1,147 crore in Andhra Pradesh for laminate facility

Economic Times

Economic Times · 1m ago

Greenlam Industries to invest Rs 1,147 crore in Andhra Pradesh for laminate facility

Greenlam Industries will invest Rs 1,147 crore to establish a manufacturing facility in Naidupeta, Andhra Pradesh, for high-pressure laminates and particle boards. The facility will produce 7 million laminate sheets and 2.9 lakh cubic meters of wood particle board annually, utilizing advanced German technology. The Andhra Pradesh government will provide Rs 329 crore in incentives, covering over 30% of the project's cost. This investment aligns with the rising demand in India's engineered wood and home decor markets.

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Syrma SGS eyes India’s largest PCB unit in Andhra Pradesh in Rs 1,800 crore play - The Economic Times

Economic Times

Economic Times · 1m ago

Syrma SGS eyes India’s largest PCB unit in Andhra Pradesh in Rs 1,800 crore play - The Economic Times

Syrma SGS Technology plans to invest Rs 1,800 crore in Andhra Pradesh to establish India’s largest PCB and CCL manufacturing unit by 2026-27. The facility, located near Tirupati, will reduce import dependency and boost domestic electronics manufacturing. Partnering with South Korea's Shinhyup Electronics, the project seeks government incentives and includes a research facility focusing on smart metering, healthcare, and electric mobility applications. Andhra Pradesh continues to attract significant electronics industry investments.

Andhra Pradesh Leads Solar Manufacturing Push, Jupiter Plans Rs 2,700 Crore Facility

OutlookIndia

OutlookIndia · 3m ago

Andhra Pradesh Leads Solar Manufacturing Push, Jupiter Plans Rs 2,700 Crore Facility

Jupiter Renewables is set to invest Rs 2,700 crore in establishing a solar cell manufacturing plant in Andhra Pradesh. The facility will produce 4.8 GW solar PV cells and 1.5 GW modules, creating over 2,200 jobs. Andhra Pradesh is becoming a key solar manufacturing hub, challenging traditional leaders like Gujarat and Tamil Nadu. The state aims to attract massive clean energy investments, bolstered by India's policies to boost local manufacturing and reduce import dependence.

Major Investment: Motilal Oswal Alternates Funds Simpolo Group's Rs. 1,000 Cr Growth

VCCircle

VCCircle · 1y ago

Major Investment: Motilal Oswal Alternates Funds Simpolo Group's Rs. 1,000 Cr Growth

India's Simpolo Group plans to invest over Rs 1,000 crore ($135 million) in expanding its ceramic manufacturing capacity. The expansion will include the construction of two new manufacturing facilities in Gujarat and Andhra Pradesh. The Malia plant in Gujarat, with an investment of Rs 650 crore, is expected to begin operations in FY26 and will create over 400 employment opportunities. The Naidupeta plant in Andhra Pradesh, with an investment of over Rs 350 crore, aims to start operations in FY25 and is projected to create 300 employment opportunities.

Hindalco to build iPhone chassis unit in Andhra Pradesh

Economic Times

Economic Times · 1d ago

Hindalco to build iPhone chassis unit in Andhra Pradesh

Hindalco Industries plans to invest ₹586 crore in an aluminium extrusion facility in Andhra Pradesh's Kuppam for manufacturing iPhone chassis. This initiative aligns with Andhra Pradesh's strategy to integrate with Apple's supply chain, leveraging Kuppam's strategic location near Bengaluru and Chennai. The facility, expected to start production by March 2027, aims to generate 613 jobs over four years. The project will benefit from policy incentives and reflects the state's focus on electronics manufacturing growth.

EV maker River Mobility to build ₹1000 crore facility

Internet

Internet · 1y ago

EV maker River Mobility to build ₹1000 crore facility

River Mobility, a Bengaluru-based EV startup, plans to invest ₹1,000 crore in a new 25-50 acre facility, producing 5 lakh vehicles annually. They're in talks with Andhra Pradesh, Tamil Nadu, Karnataka, and Telangana. CEO Aravind Mani stated that their $68 million funding from Yamaha and Toyota will help fund it.

ONGC to invest Rs 4,600 cr to drill 10 development wells, other infra in KG Basin, Andhra Pradesh

Economic Times

Economic Times · 18d ago

ONGC to invest Rs 4,600 cr to drill 10 development wells, other infra in KG Basin, Andhra Pradesh

Oil and Natural Gas Corporation Limited (ONGC) plans to invest over Rs 4,600 crore in the Konaseema District of Andhra Pradesh, including drilling 10 development wells, installing two unmanned platforms, laying an offshore pipeline, and building an onshore gas processing facility. The project will require 26.3 hectares of land and create 460 jobs. Environmental clearance is awaited, as additional information has been requested. The environmental impact assessments include a biodiversity evaluation and restoration plan.

Google to invest $6 billion in southern India data centre, sources say - The Economic Times

Economic Times

Economic Times · 29d ago

Google to invest $6 billion in southern India data centre, sources say - The Economic Times

Google plans to invest $6 billion in a data center in Visakhapatnam, Andhra Pradesh, marking its first such investment in India. The facility will include $2 billion in renewable energy to power the 1-gigawatt data center. This project is the largest of its kind in Asia and part of Google's broader expansion strategy across the region. Andhra Pradesh aims to generate 6 GW of data center capacity over five years, emphasizing renewable energy.

JSW Steel, APMDC incorporate JV for iron ore project in Andhra Pradesh

Economic Times

Economic Times · 2d ago

JSW Steel, APMDC incorporate JV for iron ore project in Andhra Pradesh

JSW Steel and Andhra Pradesh Mineral Development Corporation (APMDC) have formed a joint venture, APJSW Private Limited, to develop the Konijedu Marlapadu Integrated Iron Ore Project in Andhra Pradesh. JSW Steel holds 89% equity in the joint venture, while APMDC holds 11%. The partnership aims to invest Rs 1,075 crore in the project to mine and beneficiate low-grade iron ore, replacing imported iron ore and potentially achieving cost savings. The venture is based in Vijayawada.

Indichip Semiconductor to invest Rs 14,000 Cr in Andhra Pradesh

YourStory

YourStory · 7m ago

Indichip Semiconductor to invest Rs 14,000 Cr in Andhra Pradesh

Indichip Semiconductors Ltd, partnered with Japan's Yitoa Micro Technology, signed an agreement with Andhra Pradesh to establish India's first private semiconductor manufacturing facility with a Rs 14,000 crore investment. The facility will focus on Silicon Carbide (SiC) chips, crucial for technological advancement and sustainability. Scheduled at Orvakal mega industrial hub, it aims to begin with a 10,000-wafer monthly production, escalating to 50,000. The initiative aligns with India's Atma Nirbhar Bharat vision.

NTPC Green Energy signs pact for projects worth Rs 2 Lakh Cr in Andhra Pradesh

YourStory

YourStory · 9m ago

NTPC Green Energy signs pact for projects worth Rs 2 Lakh Cr in Andhra Pradesh

NTPC Green Energy Ltd (NGEL), the renewable energy arm of NTPC, has signed a joint venture with NREDCAP to develop renewable energy projects in Andhra Pradesh worth Rs 2 lakh crore. The collaboration aims to focus on solar and wind power, pumped storage projects, and green hydrogen. The project is expected to create over 100,000 jobs and establish Andhra Pradesh as a leader in renewable energy. NGEL recently launched its Rs 10,000 crore IPO, which was fully subscribed on the third day of the share sale.

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