Andhra Minister Kinjarapu Atchannaidu announces Rs 2,250 cr chemical plant in state

SRIKAKULAM: Agriculture Minister Kinjarapu Atchannaidu on Thursday confirmed that Coromandel International Limited has submitted a proposal for allotment of 450 acres to establish a Phosphoric Acid Plant & Associated Plants with an investment of Rs 2, 250 crore at Mulapeta, Srikakulam district.

Key points

• The project is designed with a production capacity of 2, 000 tonnes of sulfuric acid, 650 tonnes of phosphoric acid, and 1, 000 tonnes of Gypsum Plaster per day.
• The target is to create the project operational by October 2030, he went on.
• To facilitate this project, State Industries and Commerce Secretary N Yuvaraj has issued a G.O.
• He expressed happiness that a prestigious firm like Coromandel is coming forward with such a enormous investment in Srikakulam district.
• "Alongside employment opportunities for local youth, the sectors including trade, transport, and services are expected to flourish, boosting the economic growth of Mulapeta and surrounding areas." he remarked.

To facilitate this project, State Industries and Commerce Secretary N Yuvaraj has issued a G.O. No. 211 allocating 450 acres of land to establish the project, and it will create direct employment for 400 individuals.

In practice, the project is designed with a production capacity of 2, 000 tonnes of sulfuric acid, 650 tonnes of phosphoric acid, and 1, 000 tonnes of Gypsum Plaster per day.

Notably, the target is to create the project operational by October 2030, he went on. Minister Atchannaidu highlighted that the government's decision to establish such a major industry in Mulapeta will stand as a milestone in Srikakulam's industrial development.

He remarked, "In line with the decisions taken at the recent State Investment Promotion Board (SIPB) meeting, the government finalised land allocations to take up the mega project in Srikakulam district."

For now, andhra Minister Kinjarapu Atchannaidu announces Rs 2, 250 cr chemical plant in state remains the part of the story worth watching, and further updates are likely as more details are confirmed.