Archive · 4 Jul 2025
Major Investments Planned Near Mulapeta Port, Andhra Pradesh
Big companies are planning to invest a lot of money, about 2 lakh crore rupees, near a port in Andhra Pradesh.
ExxonMobil, a big company that makes plastics, wants to build a big factory to make things like shopping bags and car parts, with a huge investment of ₹90,000 crore.
Another company, Haldia Petrochemicals, also plans to invest a similar amount to make a type of plastic.
A UK company called Yamna will invest in making green ammonia, and Kalyani Steels plans to build a steel unit near the port.
These projects are expected to bring many jobs and boost the local economy.
Mega industries are planning to invest ₹2 lakh crore near Mulapeta Port in Andhra Pradesh.
ExxonMobil plans a ₹90,000 crore greenfield project to produce plastics.
Haldia Petrochemicals will invest ₹90,000 crore to produce high-density polyethylene.
Yamna (UK) will invest ₹20,000 crore to manufacture green ammonia.
Kalyani Steels plans a ₹30,000 crore port-based unit for steel production.
- Who
- ExxonMobil, Haldia Petrochemicals, Yamna, and Kalyani Steels are involved.
- What
- Mega industries are planning to invest ₹2 lakh crore in units around Mulapeta Port.
- When
- Not explicitly stated.
- Where
- Mulapeta Port, Srikakulam district, Andhra Pradesh, India.
- Why
- To create employment opportunities and change the economic profile of the region.
- Total Investment
- ₹2 lakh crore
- Location
- Mulapeta Port, Andhra Pradesh
- ExxonMobil Investment
- ₹90,000 crore
- Haldia Petrochemicals Investment
- ₹90,000 crore
- Yamna Investment
- ₹20,000 crore
- Kalyani Steels Investment
- ₹30,000 crore
- Land Requirement
- 7,000 acres total
- ExxonMobil Land Need
- 1,240 acres