Huge urea plant in Moolapet with Rs. 13,500 crore
Another huge industrial investment is coming to Andhra Pradesh. The center has launched a massive project to reduce the burden of fertilizer imports. Central public sector undertakings ‘GAIL’ and ‘Kribco’ have come forward to invest a huge amount of about Rs. 13,500 crore in phases. A urea manufacturing plant with an annual capacity of 1.27 million metric tons will be set up at Moolapet in Srikakulam district. To this end, a memorandum of understanding will be signed with the AP Economic Development Board soon.
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