The Andhra Pradesh State Investment Promotion Board (SIPM) approve allotment of land to Jindal Steel at Thamminapatnam for the setting up of an integrated steel plant. Many significant proposals have been approved at the SIPB meeting chaired by Chief Minister Jaganmohan Reddy here on Tuesday. Among other decisions, the board decided to allot 860 acres of land to Jindal Steels to set up a steel plant in Nellore district
Slated to come up at Thamminapatnam in Nellore district, the integrated steel plant with an annual production capacity of 2.25 MT is expected to employ 2,500 people in four years, said an official statement detailing the several decisions of the SIPM.
Likewise, the investment board approved to extend the deadline for global glass manufacturer St Gobain to set up an industry in Visakhapatnam district. “The company had requested for an extension due to the Covid conditions with a proposal to invest Rs 2,001 crore in three phases,” said the statement. The board also approved Pitti Rail Engineering Components Limited to manufacture electrical, locomotive and industrial equipment at an investment of Rs 401 crore, creating employment for 2,000 people.
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