MoU signed to build Rs. 700 crore metallurgical coke plant in KSEZ, boosting industrial growth, jobs, and attracting future investments.
A Memorandum of Understanding (MoU) has been formally executed between Green Coke and Energy Private Limited and Kakinada SEZ Limited for the establishment of a metallurgical coke manufacturing facility in the Kakinada Special Economic Zone (KSEZ), located along the Kakinada coastline. This proposed industrial project represents a significant investment of approximately Rs. 700 crore and is expected to contribute meaningfully to the region’s industrial development and economic growth.
The planned metallurgical coke plant will be set up on a land parcel of about 80 acres within the SEZ. Metallurgical coke, a critical raw material used primarily in the steel industry, plays an essential role in blast furnace operations. The establishment of such a plant within KSEZ is likely to enhance the region’s industrial capabilities and support downstream industries, particularly steel manufacturing and related sectors.
The agreement was officially signed on April 14 in the presence of senior leadership from both organizations. Mr. Natarajan, Managing Director of Green Coke and Energy Private Limited, represented his company, while Mr. Ram Reddy Ojili, Managing Director and Chief Executive Officer of Kakinada SEZ Limited, signed on behalf of the SEZ authority. The signing of this MoU marks an important step toward formalizing the collaboration and initiating the groundwork required for the project’s execution.
This investment is also expected to generate employment opportunities, both direct and indirect, thereby benefiting the local population. In addition, the project could stimulate ancillary industries and infrastructure development in and around the Kakinada region. The presence of a large-scale industrial facility such as this often attracts further investments, creating a multiplier effect that boosts overall economic activity.
Another key factor contributing to the attractiveness of KSEZ as an investment destination is the anticipated commissioning of the Kona port within the SEZ. Once operational, the port is expected to significantly improve logistical efficiency by facilitating easier import of raw materials and export of finished products. This enhanced connectivity is likely to draw additional industrial investments into the zone, further strengthening its position as a major industrial hub.
Overall, the signing of this MoU reflects growing investor confidence in KSEZ and underscores the strategic importance of the region in India’s industrial landscape. With robust infrastructure, favorable policies, and upcoming port facilities, KSEZ is well-positioned to attract large-scale industrial projects like the proposed metallurgical coke plant, paving the way for sustained economic development in the area.
