KCP Ltd has reportedly deferred the proposal for setting up of a grinding unit at Naidupeta, Andhra Pradesh.
According to a report in indiaprojectnews.in, due to environmental concerns, the company approached the Andhra Pradesh Industrial Infrastructure Corporation Limited (APIIC) for cancellation of allotment of land at Industrial Park, Naidupet.
Stating that the APIIC had accepted company’s request and cancelled the allotment, the report added that the company shall look for land at suitable location for setting up of the grinding unit towards south of Andhra Pradesh at an opportune time.
KCP is a 75 year old diversified business group with a turnover over $200 million with interests in Cement, Heavy Engineering, Sugar and Power. It has 9 manufacturing locations over various geographies in India and Vietnam.
KCP started as a small cooperative sugar plant in 1941 by its founder V Ramakrishna; it has over the years expanded rapidly into other areas like Heavy Engineering (1955), Cement (1958), Power (1998) and Hospitality (2016).
Image Credit : www.kcp.co.in