NPSPL Speciality Chemicals Private Limited announced plans to establish a cathode material manufacturing facility in Gudupalle mandal near Kuppam. The project, backed by an investment of ₹2,550 crore, marks a significant step toward strengthening India’s battery materials supply chain.
Government Approval and Land Allocation
The Government of Andhra Pradesh has approved the proposal and allocated 105 acres of land for the project. Furthermore, the State Investment Promotion Board (SIPB) reviewed the proposal and recommended it for final approval, enabling the project to move forward without delays.
Attractive Incentives Under State Policy
To encourage investment, the state government will extend incentives under its Electronics Component Manufacturing Policy. These benefits include a 60% capital subsidy and a power cost reimbursement of ₹2 per unit for a period of 10 years.
In addition, officials confirmed that the project will also qualify for early bird incentives as per policy provisions. Bhaskar Katamneni, Secretary (IT), Andhra Pradesh, reiterated the government’s commitment to supporting such high-value manufacturing investments.
Policy Push for Electronics Manufacturing
The Andhra Pradesh Electronics Component Manufacturing Policy (2025–30) aims to attract investments and explore new opportunities in the electronics and advanced materials sector. By offering targeted incentives, the policy seeks to position the state as a preferred destination for component manufacturing.
Steps Initiated for Project Execution
The government has directed the Revenue Department to ensure timely availability of land for the project. This proactive approach is expected to accelerate project execution and support faster commissioning. As reported by thehindubusinessline.com, the investment by NPSPL Speciality Chemicals is set to boost industrial development in Andhra Pradesh while contributing to India’s growing focus on advanced battery materials and clean energy technologies.
