Feb. 15, 2023 - JSW Group has begun construction work on the ₹8,800-crore (USD1,065 million) steel plant at Sunnapurallapalli village in YSR Kadapa district.

The first of the project is expected to be ready for commercial production in 24-30 months. The State government has allotted 3,500 acres for the project.

Addressing a gathering after the ground-breaking ceremony on Wednesday, JSW group Chairman Sajjan Jindal said the plant would run on green energy and bring prosperity to the entire district.

“We are starting off with a similar capacity, as we did in Ballari. I am sure it would grow on a similar growth path. It will become a model steel plant,” he said.

Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy, who took part in the ground-breaking ceremony, said the group was taking up the 3-mt capacity project in two phases.

“The company will spend ₹3,300 crore in the first phase, which will be completed in 24-30 months. It would spend the remaining ₹5,500 crore in the second phase,” he said. “We have acquired the land by spending ₹40 crore. We are going to spend about ₹700 crore to develop basic infrastructure,” he said.