• Lines cleared for Government proposals in record time
• Steel Plant costing Rs. 10,082 crore to come up in two phases
• Phase 1 to be completed by 2024
Amaravati: In a major boost to Kadapa Steel Plant, the Central Government approved Environmental clearance for the proposal submitted by AP Government. The application has been processed in four months which is said to be the fastest time to get clearance by the Center. AP Government came up with amendments on January 29th, 2021 and attached copy of Environmental Impact Assessment to the proposal. Central Board conducted a review of the proposals and finally accorded clearance on Tuesday, March 9th, 2021. 34% of land has been allocated under green belt development and 12, 10,000 seedlings will be planted in coming five years. The plant is likely to come up at Sunnapurallapalle and Peddananduluru villages of Kadapa District. The main aim of this plant is to produce three million metric tonnes per year with 84.7 MW of electricity generation in the first phase.
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To start production in 2024
On February 23rd, AP Cabinet had approved the proposal for setting up of a steel plant with estimated cost of Rs. 10,082 crore and Rs. 6000 crore in Phase 1&2 with a capacity of producing three million tonnes in each phase. The commencement date for Phase 1 of the project is March 31st, 2024. This is said to be named as YSR Steel Corporation which added that linkages for other raw materials like Limestone, dolomite, quartzite, Ferro alloys, are under progress and will enter into contracts with suppliers before the scheduled commissioning of the project.
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