Hon’ble Chief Minister of Andhra Pradesh lays foundation stone for an integrated high-grade steel plant at Jammalamadugu.
Shri. YS Jagan Mohan Reddy, the Hon’ble Chief Minister of Andhra Pradesh along with the other key ministers and dignitaries laid the foundation stone for an integrated high-grade steel plant at Jammalamadugu in YSR Kadapa district. The Steel plant is being facilitated by the AP Govt. by allotting 3,148 acres of land to AP High Grade Steels Ltd. An MoU with NMDC Ltd. was also signed for the supply of 5 million tons of iron ore per annum to the plant.
The plant will be set up with an investment of INR 15,000 crores and will have a capacity to produce 3 million tons of steel per annum. It is expected to give a major boost to the economy of Andhra Pradesh with a direct and indirect employment generation potential of over 25,000.