Economy

APIIC allots land for seven projects

Our Bureau Hyderabad | Updated on May 10, 2011 Published on May 10, 2011

The Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC), the nodal agency for allotment of land to companies and provider of infrastructure in the State, has cleared the application of land equivalent to 98.95 acres, including land for Apollo Hospitals integrated healthcare city.

These seven proposals entail an investment of about Rs 2,141.55 crore with an employment potential of 985 persons, according to a statement from APIIC.

The State Level Allotment Committee, constituted for allotment of land to entrepreneurs at its meting held today, allotted land to Vesuvius India Ltd, Indian Technomac Company Ltd, Itcol, Pegasus Granites Private Ltd, Apollo Hospitals Enterprises Ltd, Transmission Corporation of Andhra Pradesh and BVL Granites.

Vesuvius India has been allotted 15 acres at Parwada in Visakhapatnam district for setting up a refractory unit with an outlay of Rs 840 crore and potential to employ 210 persons. Indian Technomac Company Ltd has been allotted 25 acres at Parwada for aluminium powder slag recovery plant, to be established with an outlay of Rs 400-500 crore and employment potential of 306 persons.

Itcol has been allotted 30 acres site at Parwada for low carbon ferro alloy plant with an outlay of Rs 900 crore and employment potential for 450 persons and Pegasus Granites Private Ltd is setting up a small cutting and polishing unit of rough granites blocks into slabs and tiles with an outlay of Rs 1.5 crore.

Apollo Hospitals has been allotted 6.90 acres at Mukarambattu in Chittoor district for setting up an integrated health city with an investment of about Rs 100 crore providing employment opportunity for about 1,400 persons. It will have healthcare facility, educational and training institutes and a research centre.

The other allotments are for AP Transco 14 acres in Anantapur and BVL Granites for buildings products SEZ at Annaggi in Ongole district.

They have been allotted additional 7.25 acres apart from earlier tranche of 8 acres provided to them for the project.

Published on May 10, 2011
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