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Greenlam Industries to invest Rs 1,147 crore in Andhra Pradesh for laminate facility
Economic Times
·
23d ago
Medial
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
·
29d ago
Medial
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.
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Andhra Pradesh Leads Solar Manufacturing Push, Jupiter Plans Rs 2,700 Crore Facility
OutlookIndia
·
2m ago
Medial
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.
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Major Investment: Motilal Oswal Alternates Funds Simpolo Group's Rs. 1,000 Cr Growth
VCCircle
·
1y ago
Medial
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.
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EV maker River Mobility to build ₹1000 crore facility
Internet
·
1y ago
Medial
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.
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Google to invest $6 billion in southern India data centre, sources say - The Economic Times
Economic Times
·
9d ago
Medial
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.
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Indichip Semiconductor to invest Rs 14,000 Cr in Andhra Pradesh
YourStory
·
6m ago
Medial
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.
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NTPC Green Energy signs pact for projects worth Rs 2 Lakh Cr in Andhra Pradesh
YourStory
·
8m ago
Medial
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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ReNew Power to invest ₹22,000 cr in Andhra’s largest Green Project
Inshorts
·
2m ago
Medial
ReNew Power will invest ₹22,000 crore to set up India’s largest hybrid renewable energy park in Anantapur, Andhra Pradesh. Featuring solar, wind, and battery storage, the project supports India’s 2030 clean energy targets. It will generate 1.8 GW solar, 1 GW wind, and 2 GWh BESS, creating 10,000 jobs and boosting Andhra Pradesh’s green energy ambitions.
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Arthan Finance secures Rs 50 Cr funding from Incofin and Dell Foundation
YourStory
·
1y ago
Medial
Arthan Finance, an NBFC, has raised Rs 50 crore in Series B funding from Incofin India Progress Fund and the Michael & Susan Dell Foundation. The company plans to use the funding to increase its assets under management, expand geographically, and invest in AI and ML-based underwriting systems. Arthan Finance operates in Maharashtra, Odisha, Andhra Pradesh, and Telangana, providing loans to self-employed nano and micro entrepreneurs in small towns. So far, it has disbursed over Rs 500 crore to more than 20,000 borrowers.
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Adani Group plans $3-billion push for new clean-energy business
Livemint
·
1y ago
Medial
Indian conglomerate, the Adani Group, is planning to invest INR 25,000-27,500 crore ($3 billion) in building its first pumped-storage hydropower (PSH) facility. Adani Green aims to establish 5 GW of PSH capacity in the next five years and eventually increase it to 25 GW, which will take the group's total green-energy capability to 70 GW. The PSH generation facilities will be set up in Maharashtra, Andhra Pradesh, Tamil Nadu, and Telangana. PSH is gaining popularity among power companies as it is capable of supplying electricity consistently, unlike solar and wind energy.
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