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Developments at Krishnapatnam

| News | April 3, 2011


Diamond Power Infrastructure Ltd., power equipment and infrastructure services provider in India, said it had obtained an order for Rs.85.37 crore from Power Grid Corporation of India Ltd. for supply of ACSR Moose conductor for 400kV HV DC Krishnapatnam-Nellore Transmission Line and 400kV DC Krishnapatnam-Gooty Transmission Line (Part I) associated with Transmission system for Krishnapatnam UMPP (Part A) for a total of 3,216 kms.

The order is to be executed over a period of 18 months from the date of letter of intent (08/03/2011).

The company said it had also received an order for 2,368.25 kms from Gayatri Projects Ltd. for supply of conductors to the MPPKVVCL project.

Nagarjuna Construction acquires 55% stake in Nelcast Energy

| News | January 18, 2011


Nagarjuna Construction Company Limited has acquired,through its subsidiary NCC Power Projects Ltd (NCC PPL), 55% equity stake of Nelcast Energy Corporation Limited (NECL), which is developing a 1320 MW Thermal Power Project at Krishna Patnam, Nellore Dist, Andhra Pradesh. NECL has acquired the requisite project land and has also secured all the requisite approvals from the concerned authorities in relation to the project

Andhra Prasesh is on fast track development

| News | November 23, 2010

Andhra Pradesh is booming

MANNAVARAM (Chittoor Dt.) The State government has been praised not only by Prime Minister Manmohan Singh, but also Union Ministers Sushil Kumar Shinde (Power) and Vilasrao Deshmukh (Heavy Industries) for its swift action in bagging the prized Mannavaram project.

Reading out the message of Chief Minister K. Rosaiah, who could not make it to the function citing health grounds, Minister for Major Industries Kanna Lakshminarayana said that Andhra Pradesh was on the ‘fast track’ of industrial development and listed out the various initiatives. The State had taken up Special Economic Zones (SEZs) on a massive scale with an eye on improving employment potential.

The petrochemical corridor coming up between Visakhapatnam and Kakinada in 604 sq.km area would fetch more jobs. With the commissioning of gas supply by the Reliance Group in Krishna-Godavari basin, Mr. Lakshminarayana said adding that gas distribution to the city would begin soon.

The Minister noted that Nellore-Chittoor belt had the potential to emerge as a mega industrial hub, thanks to its proximity to the three seaports of Chennai, Ennore and Krishnapatnam and three international airports at Chennai, Bangalore and the upcoming one in Tirupati. He dubbed the ambience at Mannavaram as ‘quintessential harmony’, situated as it was between Tirupati and Srikalahasti, typified by their cultural significance.

Showcasing the State’s emergence as a centre of knowledge, with the establishment of IIITs, an IIT, 17 new universities and 600 engineering colleges, he spoke on the ambitious plan to connect them with a dedicated broadband network for the benefit of students.

Chinta Mohan, MP, translated Dr. Singh’s speech into Telugu. Governor E.S.L. Narasimhan, Ministers of State Bharat Singh Solanki and Arun Yadav , Union Ministers Veerappa Moily and Panabaka Lakshmi, Rajya Sabha member K. Keshava Rao, local MLA B.Gopalakrishna Reddy and others participated.

CM seeks more gas for IFFCO plant in Nellore

| News | November 23, 2010

IFFCO Plant needs more gasChief minister K Rosaiah on Thursday made a plea to Prime Minister Manmohan Singh to help the state in getting an allocation of 3 million standard cubic feet per day (MMSCMD) of gas in the first phase, and another 3 MMSCMD of gas in the second phase for the Indian Farmers fertilizer cooperative (IFFCO) plant coming up near Krishnapatnam Port in Nellore district.

In a letter to prime minister, Rosaiah said that the IFFCO had come forward to invest Rs 10,000 crore and build a 2.6-million tonne capacity urea plant in the state. IFFCO is the world’s largest fertilizer cooperative with a domestic production capacity of 42.5 lakh MTPA.

Rosaiah said about 2,700 acres of land near Krishnapatnam port has been acquired to set up ammonia-urea plant in 1997 but the manufacturing facility could not materialise so far due to shortage in supply of natural gas. Once the gas is allocated, IFFCO would invest Rs 10,000 crore and the plant would be ready by 2013-14, he said. This plant will benefit the farmers of Andhra Pradesh, Tamil Nadu and Karnataka in meeting the high demand of ammonia-urea.

The chief minister further said that a major pipeline from KG Basin would be passing along NH-5, close to the IFFCO’s existing Nellore site. The pipeline being laid by Reliance Industries Ltd is scheduled to be completed by 2012.

CM wants incentives to SEZ to continue

| News | November 23, 2010


Chief minister K Rosaiah has urged Prime Minister Manmohan Singh to continue all the fiscal incentives originally envisaged for the special economic zones (SEZs) and the units therein even after introduction of the Direct Tax Code (DTC).

“I earnestly request that in the larger interest of industrial development in the country, that the central government may kindly continue all the fiscal incentives originally envisaged for the SEZs,” Rosaiah stated in his speech pointing out there were apprehensions that the incentives would be discontinued with the introduction of DTC.

In this context, he also said that the state was promoting a number of SEZs for creation of employment opportunities to youngsters.

The written speech of the chief minister was read out by state major industries minister, K Lakshminarayana, at the foundation stone laying ceremony of the NTPC-BHEL power equipment manufacturing project at Mannavaram in Chittoor district on Wednesday. Rosaiah could not attend the function due to ill health.

According to Rosaiah, the Nellore-Chittoor region is going to be a major hub for investments. It is ideally positioned with close connectivity to three international airports (Bangalore, Chennai and upcoming Tirupati) and three important seaports (Krishnapatnam, Chennai and Ennore) besides being close to the Golden Quadrilateral Expressway.

He said a large number of mega power projects were coming up in the area, which had been identified as the Manufacturing Investment Region according to the policy of the Union government.

Stating that AP was well positioned to emerge as the manufacturing hub in the country, Rosaiah informed the Prime Minister that a Global Investors Meet was scheduled to be held in the state capital in February 2011 in association with the Confederation of Indian Industry to attract large-scale investments from across the globe.

IFFCO eyeing overseas tie-up for Nellore dairy project

| News | November 22, 2010


The world’s largest farmers cooperative Iffco today said it is negotiating with two global players for setting up an integrated dairy in its upcoming food-processing SEZ at Nellore.

Besides, Indian Farmers Fertiliser Co-Operatives (Iffco) is also in talks with a Russian company for setting up a fertiliser plant there, Managing Director U S Awasthi of the company said.

“We are negotiating with a firm in the US and New Zealand for setting up an integrated dairy in our farm-based food processing SEZ (special economic zone) in Nellore,” Awasthi told reporters here.

The proposed dairy envisages an investment of Rs 1,000 crore, Awasthi said, adding, “we expect to sign the deal before end-December.”

Besides equity partner, the overseas firm would also be a management partner in the venture, he said, adding, “the marketing will be done by Iffco.”

The venture would have around 6,000 livestock, which will be imported to begin with “however, later we will develop a local cross-breed”, Awasthi said.

Iffco is also scouting for a partner to set up a fertiliser plant in Russia. “We are talking with a Russian company for a joint venture for fertiliser production there,” he said.