Andhra Pradesh Government Approves 116.62 Acres of Land Allotment to PCBL Ltd for Rubber Black Manufacturing Unit

The Government of Andhra Pradesh has approved the allotment of 116.62 acres of land to Philips Carbon Black Limited (PCBL) for setting up a plant to manufacture New Rubber Black & Value-added chemicals at MPSEZ, Naidupeta. The project is expected to generate direct employment for 200 people and involves an investment of Rs. 3,718 Crores. The allotment is subject to de-notification of the Naidupeta SEZ and adherence to definite time lines and investment and employment commitments from the company.