Top storyKolkata-based Shree Cement Limited has expressed interest in setting up an integrated cement plant at Jammalamadugu in YSR Kadapa district with an investment of Rs 7,107 crore. It proposed investing in two phases, creating 1,102 jobs, and sought 452 acres for a unit producing 6 million tonnes annually. The firm already holds limestone mines over 373 hectares near Dommaranandyala. SIPC, meeting Monday under Chief Secretary Sai Prasad, discussed proposals worth Rs 23,994 crore and 11,289 jobs, deciding to send them to SIPB.
APSRTC management and leaders of the Joint Action Committee (Aikasa) met at RTC House in Vijayawada. Executive Director (Admin) Brahmanandareddy, ED (Engineering) Varma and ED (Operations) Nageswara Rao attended. The unions sought that procurement and maintenance of electric buses be carried out entirely by APSRTC, that the number of buses for the 'Stree Shakti' scheme be increased, and that vacant posts be filled immediately. Around 30 demands were submitted. Officials said the discussions would be reported to the Special Chief Secretary and RTC Managing Director.
Bharat Dynamics Limited (BDL) will set up an integrated weapon systems and propellant manufacturing unit at Donakonda in Prakasam district with an investment of Rs 1,200 crore — Rs 650 crore in the first phase and Rs 550 crore in the second. It will create 600 direct and 1,000 indirect jobs, with a township on 200 acres proposed for 600 families. The project needs 1,400 acres; the government will allot 317 acres at Rs 7.73 lakh per acre. Per the DPR, production begins by September 2028.
L&T has said the deadline to complete the transfer of its stake in the first phase of Hyderabad Metro Rail to the Telangana government has been extended to December 31, citing financial, structural and regulatory factors. Official documents earlier disclosed an agreement with the state government for the stake sale. Raising a large loan remains the main challenge, with the government and related agencies in talks with banks for a lower interest rate. L&T operates the metro through a special purpose vehicle.
Chief Secretary Sanjay Jaju said a special action plan is under way to develop Hyderabad as a national and international centre for gaming, VFX and animation. He reviewed arrangements for the Telangana Global Summit, to be held in December at Bharat Future City, at the Secretariat on Thursday. The summit will feature Comic Con, DreamHack, India Game Utsav and a B2B expo. The city already has 50 large and 150 mid-sized firms; students from 70 colleges and 50,000 visitors are expected.
Hyderabad-based AM Green Ammonia has won the Asia segment of the German government-backed H2Global auction, signing a ten-year contract to supply renewable ammonia worth at least Rs 5,500 crore. Hintco, H2Global's trading arm, will purchase the output. AM Green is converting a natural gas-based ammonia and urea complex at Kakinada in Andhra Pradesh into a green ammonia plant compliant with European Union rules. The company said first supplies to Germany begin in 2029, shipped through Kakinada Port.
The Housing Board last month issued a notification to sell 7.8 acres of government land at KPHB in Hyderabad, fixing a floor price of Rs 40 crore per acre. In an e-auction lasting about three hours, the bid price rose 46 times, and Godrej Properties secured the land at Rs 70 crore per acre. Housing Board vice chairman V.P. Gautam said Aurobindo Realty, Prestige Estates and Ashoka Builders also bid. Proceeds will fund the Indiramma housing scheme, which gives beneficiaries Rs 5 lakh. Rajiv Swagruha Corporation earned Rs 70.11 crore selling three incomplete towers at Pocharam and Gajularamaram.
Tenali Double Horse, known for its urad dal-based food products, has received the 'Iconic Brand of the Year' award presented by ET Edge, part of the Times of India Group. Managing Director Munagala Mohana Shyam Prasad and directors Munagala Roja Harshavardhan and Munagala Lalitha received the award in Mumbai on Thursday. They said the firm stands alongside brands such as TCS, Infosys, ITC, Britannia, Reliance and Everest. General Manager P N V Krishna Prasad called it a trusted name in India's food and agriculture sector.
The IREC 2026 international real estate conference has opened in Hyderabad, being held in India for the first time. Realtors, investors, developers, policymakers and proptech representatives from more than 35 countries are taking part. The three-day event will feature discussions on investment, technology, innovation and future opportunities in the global real estate sector. The gathering has brought leading figures of the world real estate industry onto a single platform.
The 'Global RISE 2026' business summit began at Taj Vivanta in Hyderabad, organised by SMBConnect. Hyderabad is the sixth venue in the 15-city domestic business tour. About 130 entrepreneurs and experts discussed free trade agreements, artificial intelligence and industrial growth. SMBConnect founder Sandeep Roy said the platform offers MSMEs opportunities to grow in international markets. Hyderabad Management Association president Sharath Maroju spoke. Special AI sessions were held with Heptik, along with panel discussions, and the 'Global RISE Awards 2026' were presented.
Onion prices have risen in Hyderabad, with a kilogram now selling at Rs 70 to Rs 80, up from Rs 50 a week ago. Two months ago the rate was Rs 20 a kg, a threefold increase. Traders said onion is quoted at Rs 5,200-5,500 a quintal at the Malakpet agricultural market. They said arrivals are coming only from Maharashtra, with daily sales of 5,200-6,000 quintals, and attributed the rise to lower yields due to deficient rainfall and higher demand.
