Mr. Y.S. Jagan Mohan Reddy, the Chief Minister of Andhra Pradesh, laid the foundation stone for a steel plant at Sunnapurallapalle village in Kadapa district.
On the 15th of February, Wednesday, Mr. Y.S. Jagan Mohan Reddy visited the region and participated in the Bhumi Puja, following which he laid the foundation stone.
At the event, Mr. Y.S. Jagan Mohan Reddy said, “By God’s grace, a good program has been initiated in YSR Kadapa district. This steel plant is a dream of Ryalaseema and Kadapa people.” He further said, “We had to work hard to get this plant. However, by God’s grace we have had better days. If the steel plant comes, this area will develop like a steel city. Water is supplied from Gandikota reservoir through a separate pipeline. In the first installment Rs. 3,300 crores, 10 lakh tonnes of steel will be produced annually,”
It is to be noted, the JSW Steel Plant is investing in the steel factory, which would be constructed in the Sunnapurallapalle region. For the construction of the steel plant, a total of 3,295 acres have been acquired in the Jammalamadugu area. The company announced investing of Rs. 8,800 crores, in two phases. In the first phase, JSW Steel Limited would invest Rs. 3,300 crores and the steel factory would produce one million tonnes of steel. In the second phase, the remaining investment would be made, with the rise in the production of steel to two million tonnes. In addition, the steel plant would also create employment to the residents of Kadapa district. Approximately 6,500 people would get jobs after the construction of the steel plant.
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