Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Monday laid the foundation stone for establishing a high-grade steel plant at Sunnapurallapalli village in his native Kadapa district.
The Rs 15,000-crore plant with a three-million-tonne capacity per annum would provide jobs to about 25,000 people and would be completed in three years. An area of 3,200 acres has been allotted for the steel plant.
This is the third time that the foundation stone for a steel plant is being laid. Former Chief Ministers YS Rajasekhara Reddy and N Chandrababu Naidu laid the foundation stones at two different locations in Kadapa district. Neither could take it forward. Now, the locals are hoping that Jaganmohan Reddy will make it operational in the next three years.