Govt. provides particular package deal of incentives to Kadapa metal plant

It was said in G.O. Ms.No.131, issued by Secretary (Industries & Commerce) N. Yuvaraj, that the JSW Steel Limited proposed to arrange the ISP in two phases of 1 MMTPA manufacturing capability every, with an mixture funding of ₹16,350 crore (Phase-I — ₹4,500 crore and Phase-II — ₹11,850 crore).

The JSW Steel supposed to start the development of first part in January 2026 and start business manufacturing by April 2029.

The authorities is allotting 1,100 acres at Sunnapurallapalle on an Outright Sale Basis (OSB) at a charge ₹5 lakh per acre, and 200 acres on the similar village on OSB for the institution of a township.

Tailor-made incentives are being supplied as much as 50% of Fixed Capital Investment (FCI), permitting exemption of the venture from the List of Ineligible Industries beneath the A.P. Industrial Development Policy (4.0) 2024-29 contingent upon funding of ₹3,730 crore as FCI by December 2028. Similar incentives are made relevant for additional phases of funding.

Other incentives are 20% capital incentive as much as ₹607.20 crore to be disbursed over a interval of 10 years, electrical energy responsibility subsidy as much as ₹1,092 crore inside 10 years, decarbonization subsidy as much as ₹149.20 crore on funding of ₹3,730 crore, and stamp responsibility reimbursement of ₹4.875 crore.

The similar incentive of fifty% of FCI is relevant for the second part of funding by JSW Rayalaseema Steel Limited for the institution of extra 1 MMTPA Steel Plant, supplied the identical is commissioned as per the dedicated timelines.

The services authorised by the federal government are: double circuit energy transmission line of 400KV from Jammalamadugu substation, together with a distribution substation, for energy requirement of 268 MW, water provide pipeline, together with pumping infrastructure, from Gandikota reservoir for an assured provide of two tmc ft every year and a 15-km pipeline from Mylavaram dam, a 12-km four-lane entry highway to NH-67, and a 12-km extension railway line to the plant from Muddanuru station (between Proddatur – Yerraguntla station).