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Informist, Monday, Sept. 8, 2025

 

--CONTEXT: Apollo Tyres to expand bus, truck radials tyre unit at Chittoor 
--Andhra official:Apollo Tyres to get INR-3-bln sops over 10 yrs from state 
--Andhra official: Apollo Tyres hopes to expand Chittoor plant by Dec 2027 
--Andhra official:State OKs Apollo Tyres INR-11-bln Chittoor plant expansion
 

By Narayana Krishna

 

HYDERABAD – The Andhra Pradesh government has issued orders, approving INR 11 billion worth of phase-III expansion plan of Chittoor plant submitted by Apollo Tyres Ltd., a senior official of the state industries department told Informist.

 

After receiving the State Investment Promotion Board nod and state Cabinet nod, the Andhra Pradesh government has issued orders, assuring the company to provide incentives worth INR 2.85 billion, to be disbursed over 10 years, based on the progress of the expansion. The government also assured the company to provide power and water at a subsidised rates under the state industrial promotion policy.

 

Apollo Tyres has assured to install the required machinery by October and projected the full scale commencement of commercial operations of the expanded unit by December 2027.

 

Apollo Tyres has invested INR 17.5 billion in the first phase of its plant located at Varadaipalem mandal, Chittoor district, in 2020 and later added more capacities by investing INR 29.37 billion in 2022. At least 1,800 people are working at the plant at present and the company assured additional employment of 500 members once the expansion is completed.

 

At 1300 IST, shares of Apollo Tyres traded at INR 487.10 on the National Stock Exchange, up 0.9% from their previous close.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

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