Connection

popular articles

France: Level 1 fault detected at Cattenom power plant
Orca Energy repays its 60 million USD loan and signs a gas agreement in Tanzania
RWE selects GE Vernova to supply American-made wind turbines for projects in Texas
Dangote Refinery increases diesel exports to West Africa
Argentina: YPF Completes Pipeline to Boost Oil Exports to Chile

Kadapa, India, will host a steel mill

In Kadapa, Andhra Pradesh, the authorities have given their approval for investments of Rs 23,985 crore.
  • [favorite_button]

Please share:

In Kadapa, Andhra Pradesh, the authorities have given their approval for investments of Rs 23,985 crore.

Local support

In Kadapa, the Andhra Pradesh State Investment Promotion Board approves JSW Steel ‘s proposal to set up a steel plant. The company informs YS Chief Minister Jagan Mohan Reddy of the investment of Rs 8800 crore. This investment will be made in two phases to set up the steel plant in Sunnapurallapalli.

In the first phase JSW Steel will invest Rs 3300 crore in the proposed plant, for one million tons of steel per year. Later, in Kadapa, the upgrade will allow the production of two million tons per year. Finally, the capacity will reach 3 million tons per year.

The agreement also mentions pumped hydro storage projects. They will come under Adani Green Energy Limited and Shirdi Sai Electricals. The Chief Minister wants to get the work started as soon as possible. For him, it is about changing the face of the backward region of Rayalaseema.

Opportunities for employment

Several thousand direct and indirect jobs will be available at this time. JSW Group is a $22 billion conglomerate engaged in steel, energy, manufacturing, cement and paint. In addition, it produces 27 million tons of steel per year.

The pumped hydroelectric storage power project amounts to 1600MW. Adani Green Energy Limited will invest Rs. 6330 crores. In addition, it will provide jobs for more than 4,000 people.

Work will begin in December 2024, with commissioning in 2028. The production will amount to approximately 4196 million units of electricity per year. In addition, the company will set up a 1200MW project in Yerravaram and a second 900MW project in Somasila.

Register free of charge for uninterrupted access.

Publicite

Latest news

Enbridge posts record $1.71bn profit and reaffirms investment strategy
Alder Renewables and Bioénergie AECN launch Project Avance to produce sustainable aviation fuel in Québec
Axpo secures strategic contract to deliver 115 GWh of solar electricity to Auchan
Copenhagen Infrastructure Partners sells 10% stake in Fengmiao I wind farm to Mitsui O.S.K.
Grid Africa and TCL Solar launch distributed solar projects in Zambia and Zimbabwe

Recently published in

Enbridge posts record $1.71bn profit and reaffirms investment strategy

Enbridge reported a sharp rise in first-quarter 2025 results, driven by its hydrocarbon transport operations and recent acquisitions, while reaffirming its full-year financial outlook.
Axpo secures strategic contract to deliver 115 GWh of solar electricity to Auchan
Axpo will manage balancing and market delivery of solar electricity supplied to Auchan in Poland under a structured agreement with GoldenPeaks Capital.
en_1140290946540-5
Axpo secures strategic contract to deliver 115 GWh of solar electricity to Auchan
Axpo will manage balancing and market delivery of solar electricity supplied to Auchan in Poland under a structured agreement with GoldenPeaks Capital.
en_1140290946540-5
EDP reports €428mn quarterly net profit driven by strategic positioning
Energias de Portugal saw its profit rise by 21% in the first quarter, supported by expanded renewable capacity and favourable electricity market prices.
en_1140290944540-5
EDP reports €428mn quarterly net profit driven by strategic positioning
Energias de Portugal saw its profit rise by 21% in the first quarter, supported by expanded renewable capacity and favourable electricity market prices.
en_1140290944540-5
Aker ASA restructures its assets with two mergers and a $57.9mn acquisition
Aker ASA merges Aker Horizons and acquires a stake in SLB Capturi, consolidating its portfolio while preparing for a significant dividend distribution.
en_1140290960540-4
Aker ASA restructures its assets with two mergers and a $57.9mn acquisition
Aker ASA merges Aker Horizons and acquires a stake in SLB Capturi, consolidating its portfolio while preparing for a significant dividend distribution.
en_1140290960540-4

Coal India secures 4,500 MW deal with AM Green to diversify operations

Coal India will supply 4,500 MW of renewable energy to AM Green under a memorandum of understanding to power its future green ammonia facilities nationwide.
Siemens Energy raises annual outlook after 52% surge in orders
Driven by strong operational execution and robust demand across key segments, Siemens Energy reports double-digit revenue growth and upgrades its outlook for fiscal year 2025.
en_1140290960540-3
Siemens Energy raises annual outlook after 52% surge in orders
Driven by strong operational execution and robust demand across key segments, Siemens Energy reports double-digit revenue growth and upgrades its outlook for fiscal year 2025.
en_1140290960540-3
Enel posts €2bn net profit rise despite falling electricity prices
Italian group Enel exceeded analysts’ forecasts with €22bn ($23.66bn) in revenue in Q1 2025, driven by international operations.
en_1140290956540-4
Enel posts €2bn net profit rise despite falling electricity prices
Italian group Enel exceeded analysts’ forecasts with €22bn ($23.66bn) in revenue in Q1 2025, driven by international operations.
en_1140290956540-4
RWE completes 999 MW in energy projects across the US and expands presence
German group RWE has commissioned six new energy projects in the US, reaching a combined capacity of 999 MW across wind, solar and battery storage technologies.
imgonline-com-ua-Resize-IgeO7EahX3GZ8
RWE completes 999 MW in energy projects across the US and expands presence
German group RWE has commissioned six new energy projects in the US, reaching a combined capacity of 999 MW across wind, solar and battery storage technologies.
imgonline-com-ua-Resize-IgeO7EahX3GZ8

Veolia takes full control of WTS in a $1.75 billion deal

Veolia acquires full ownership of Water Technologies and Solutions by purchasing the 30% stake held by CDPQ, further consolidating its growth strategy focused on industrial water technologies.
Legrand posts 12.3% increase driven by data centre demand
Legrand reaffirms its annual targets after strong first-quarter growth driven by the expansion of data centres and solid commercial performance in the United States.
Le siege de l'entreprise Legrand a Limoges (87)
Legrand posts 12.3% increase driven by data centre demand
Legrand reaffirms its annual targets after strong first-quarter growth driven by the expansion of data centres and solid commercial performance in the United States.
Le siege de l'entreprise Legrand a Limoges (87)
Aker BP reaches $3.2bn in Q1 2025 revenue and confirms growth strategy
Oil company Aker BP maintained stable production and strengthened its cash position in Q1 2025 while advancing key projects and new discoveries in the Norwegian Sea.
en_1140290954540-2
Aker BP reaches $3.2bn in Q1 2025 revenue and confirms growth strategy
Oil company Aker BP maintained stable production and strengthened its cash position in Q1 2025 while advancing key projects and new discoveries in the Norwegian Sea.
en_1140290954540-2
Exterra raises CA$20mn to industrialise mining residue transformation in Québec
Québec-based Exterra Solutions Carbone closes a CA$20mn Series A round to build the world’s largest asbestos residue treatment plant and expand its technologies internationally.
en_1140290953540-2
Exterra raises CA$20mn to industrialise mining residue transformation in Québec
Québec-based Exterra Solutions Carbone closes a CA$20mn Series A round to build the world’s largest asbestos residue treatment plant and expand its technologies internationally.
en_1140290953540-2

Marathon Petroleum posts $74mn net loss in Q1 2025

Marathon Petroleum reported a net loss in Q1 2025 due to a major maintenance programme, while its midstream unit supported results with an 8% rise in adjusted EBITDA.
Euronext launches three indices to strengthen defence and energy financing
Stock exchange operator Euronext unveils thematic indices to channel capital into Europe's strategic energy, defence and aerospace sectors.
en_1140290956540-2
Euronext launches three indices to strengthen defence and energy financing
Stock exchange operator Euronext unveils thematic indices to channel capital into Europe's strategic energy, defence and aerospace sectors.
en_1140290956540-2
Sunoco acquires Parkland for $9.1bn and creates new listed entity SUNCorp
US distributor Sunoco will acquire Canada's Parkland for $9.1bn, including debt, in a mixed transaction and form a separate listed entity, SUNCorp, whose shares will be treated as corporate stock for tax purposes.
en_1140290945540
Sunoco acquires Parkland for $9.1bn and creates new listed entity SUNCorp
US distributor Sunoco will acquire Canada's Parkland for $9.1bn, including debt, in a mixed transaction and form a separate listed entity, SUNCorp, whose shares will be treated as corporate stock for tax purposes.
en_1140290945540
Shell appoints Colette Hirstius as head of US operations
Shell announced the appointment of Colette Hirstius as President of Shell USA starting August 1, succeeding Gretchen Watkins after seven years in the role.
en_1140290962540
Shell appoints Colette Hirstius as head of US operations
Shell announced the appointment of Colette Hirstius as President of Shell USA starting August 1, succeeding Gretchen Watkins after seven years in the role.
en_1140290962540

ADNOC Gas exceeds expectations with $1.27bn net profit in first quarter

Emirati producer ADNOC Gas recorded a 7% increase in net profit in Q1 2025, driven by sustained domestic demand and efficient operational management.
ExxonMobil reports 6% drop in quarterly profit despite increased synergies
Falling refining margins and weaker oil prices weighed on ExxonMobil’s Q1 results, while the group now expects $3bn in annual synergies from its acquisition of Pioneer.
en_1140290963540
ExxonMobil reports 6% drop in quarterly profit despite increased synergies
Falling refining margins and weaker oil prices weighed on ExxonMobil’s Q1 results, while the group now expects $3bn in annual synergies from its acquisition of Pioneer.
en_1140290963540
Innergex shareholders approve 99.86% vote for full acquisition by CDPQ
Innergex shareholders validated the company’s full acquisition by Caisse de dépôt et placement du Québec for a total amount close to $1.8bn, pending final judicial and regulatory approvals.
en_1140290972540-2
Innergex shareholders approve 99.86% vote for full acquisition by CDPQ
Innergex shareholders validated the company’s full acquisition by Caisse de dépôt et placement du Québec for a total amount close to $1.8bn, pending final judicial and regulatory approvals.
en_1140290972540-2
Chevron sees net profit drop 36% in Q1 2025
Chevron reports a sharp decline in quarterly results, impacted by weak refining margins, stable production and exceptional charges in the United States and the United Kingdom.
en_1140290969540-2
Chevron sees net profit drop 36% in Q1 2025
Chevron reports a sharp decline in quarterly results, impacted by weak refining margins, stable production and exceptional charges in the United States and the United Kingdom.
en_1140290969540-2

TC Energy invests CA$2.4bn in nuclear and natural gas

TC Energy is committing CA$2.4bn to two major projects in North America, targeting rising energy demand and the long-term value of regulated assets.
Air Products posts $1.7bn net loss and exits three US projects
Air Products reports a substantial loss in Q2 of fiscal 2025, driven by charges tied to a strategic review of its US project portfolio.
en_1140290967540
Air Products posts $1.7bn net loss and exits three US projects
Air Products reports a substantial loss in Q2 of fiscal 2025, driven by charges tied to a strategic review of its US project portfolio.
en_1140290967540
Prospera Energy increases revenue by 38% and strengthens financial positioning
Prospera Energy closed fiscal year 2024 with a notable increase in revenue and a strategic reorganisation of its assets, while reinforcing its performance on the financial market.
en_1140290964540
Prospera Energy increases revenue by 38% and strengthens financial positioning
Prospera Energy closed fiscal year 2024 with a notable increase in revenue and a strategic reorganisation of its assets, while reinforcing its performance on the financial market.
en_1140290964540
Voltalia records 15% increase in production despite price pressure
Voltalia’s revenue rose by 2% in the first quarter of 2025, driven by third-party services, while energy production reached 1.1 terawatt-hours due to improved resources in Brazil.
en_1140290982540
Voltalia records 15% increase in production despite price pressure
Voltalia’s revenue rose by 2% in the first quarter of 2025, driven by third-party services, while energy production reached 1.1 terawatt-hours due to improved resources in Brazil.
en_1140290982540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS