business ⛏️ Iron ore mining speeds up in Prakasam district
APMDC and JSWSL are fast-tracking iron ore mining in Prakasam district following CTE approval from APPCB. The joint venture is setting up a plant with an investment of ₹1,231.20 crore at Konijedu and Marlapadu villages. Previously, this area was estimated to hold 60 million tonnes of iron ore reserves. The CTE is valid until May 1, 2026, with the plant expected to be operational by early 2028. The project must also include a 33% green belt area for environmental compliance.