Published on September 12, 2017

With realization of documentation work for the proposed petrochemical complex in Kakinada , the uncertainty has bagged its position again. The farmers of that area has challenged the land acquisition deal contract in the court. The two major government owned companies GAIL and HPCL have come forward to set up petrochemical complex in Andhra Pradesh during the investment event organized in the state. With the availability of petchem reserves the state govt has reserved 2000 acres of land in Kakinada for the ₹37,000 crore project of the 1.5 million tonne ethylene derivative plant, which is expected to provide direct employment to 1,000 and indirect jobs to about 30,000 people.