1 hr ago
VeeCycle Works Signs Andhra Pradesh MoU for Industrial Waste Recycling
VeeCycle Works wants to turn industrial and plastic waste into useful materials.
It signed an agreement with the Government of Andhra Pradesh to work on this plan.
The project is planned in Visakhapatnam.
The company aims to recycle one million tonnes of waste each year.
It expects the project to cost Rs.
150 crore.
The new facilities are expected to create 60 jobs.
The agreement was signed at an investment conference.
The company says the work can help reduce waste sent to landfills.
VeeCycle Works signed an MoU with the Government of Andhra Pradesh at the AP Regional Investment Conference 2026 in Visakhapatnam.
The project aims to recycle one million tonnes of industrial and plastic waste annually and convert it into valuable resources.
The recycling project is planned at a cost of Rs. 150 crore.
Sona Group vice chairman Chocko Valliappa signed for the company; AP Economic Development Board CEO Sagili Shan Mohan signed for the state government.
The company plans to establish waste-to-resource facilities in Visakhapatnam, creating 60 jobs.
- Who
- VeeCycle Works and the Government of Andhra Pradesh; Chocko Valliappa and Sagili Shan Mohan signed the MoU.
- What
- An MoU for a project to recycle one million tonnes of industrial and plastic waste annually.
- Where
- Visakhapatnam, Andhra Pradesh.
- When
- Wednesday, at the AP Regional Investment Conference 2026; the 31st CII Partnership Summit is scheduled for next month.
- Why
- To convert industrial and plastic waste into valuable resources, reduce pressure on landfills, and support the circular economy.
Key facts
- Project cost
- Rs. 150 crore
- Annual recycling target
- One million tonnes of industrial and plastic waste
- Planned facilities
- Waste-to-resource facilities in Visakhapatnam
- Expected jobs
- 60
- Company
- VeeCycle Works, a Sona Group venture
- Agreement signed by
- Chocko Valliappa for VeeCycle Works and Sagili Shan Mohan for the Government of Andhra Pradesh
- Event
- First AP Regional Investment Conference 2026
Quotes
Chocko Valliappa
Sona Group vice chairman
“Waste is only a resource we haven’t yet learned to use. VeeCycle Works exists to turn residue into resilience, for industry, for communities and for the environment. We are grateful to the Government of AP for its partnership and vision.”
thehansindia.com
Sources
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