Andhra Pradesh Converts 526 of 714 Investment Proposals into Projects Worth ₹17.2 Lakh Crore, Including AM/NS Steel, NTPC Green Hydrogen Hub and BPCL Refinery
Andhra Pradesh has converted 526 of the 714 investment proposals received since June 2024 into projects, a conversion rate of nearly 74 per cent. The converted projects are worth ₹17.2 lakh crore. This is 76 per cent of the state’s investment pipeline of ₹22.6 lakh crore, and the projects have the potential to generate 19.3 lakh jobs.
Of these, 303 projects worth ₹7.1 lakh crore, with potential for 7.7 lakh jobs, have been grounded or are scheduled for grounding. Another 188 projects worth ₹5.4 lakh crore are under consideration. The state government is monitoring projects from the approval stage to production. The status was highlighted ahead of the 31st CII Partnership Summit in Visakhapatnam on November 12–13.
Major projects in the pipeline include AM/NS India’s ₹1.36 lakh crore steel project at Nakkapalli and NTPC Green Energy’s ₹1.85 lakh crore hydrogen hub at Pudimadaka. Tata Power has a ₹49,000 crore renewable energy project in Anantapur, and ReNew has a ₹22,000 crore hybrid energy project at Guntakal. BPCL is setting up a ₹96,862 crore refinery-cum-petrochemical complex at Ramayapatnam.
Reliance has proposed a ₹51,300 crore solar and battery storage project in Anantapuramu, with 6.6 GW of solar capacity and 29 GWh of storage. GMR’s ₹20,000 crore aviation hub and maintenance, repair and overhaul (MRO) facility at Bhogapuram is expected to generate 60,000 jobs. Kia India and 35 ancillary units at Penukonda involve investments exceeding ₹22,000 crore.
The state’s plans also include Google’s proposed $15-billion AI hub and subsea cable ecosystem in Visakhapatnam. Reliance has proposed a ₹1.08 lakh crore AI data centre cluster near Bhogapuram. Amaravati Quantum Valley, Space City near Sriharikota and Drone City at Orvakal are also being developed.
