Andhra Pradesh Industrial Infrastructure Corporation

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  Hyderabad High Court Orders Payment Of Rs 660 Crore To Unitech

  According to the petitioner, the amount was deposited after it emerged as the successful bidder for developing the design and constructing an integrated airport township and multi-services aerospace park, in a bidding process by the APIIC in 2008.

• Andhra Government Cancels Agreement With Unitech, Forfeits Rs 255 Crore

  The government has ratified the action of the APIIC (Andhra Pradesh Industrial Infrastructure Corporation Ltd) to cancel the agreement with Unitech for development of Integrated Vizag Knowledge City and forfeiture of the amounts paid by the company for non-implementation of the project, a government order said.

• Andhra Cancels Order Allotting Land for NCC Power Plant

  The Andhra Pradesh government today decided to cancel its order allotting 972 acres of land to NCC Limited for setting up a power project at Sompeta in Srikakulam district, saying the land can be used by the company to set up agri-based industries instead.

• AP Transco Buys Out GVK Power's Plant in Andhra Pradesh

  The Power Purchase Agreement (PPA) signed by GVK Industries Ltd, a step down subsidiary of the company (GVK Power & Infrastructure Ltd) with the erstwhile APSEB (now AP Transco) stands expired by June 20, 2015.

• Jindal Steel and Power acquires Andhra-based Kineta Power

  Jindal Steel and Power Ltd (JSPL) has wholly acquired Kineta Power, a privately-owned coal-based 1,980-MW power plant in Nellore district of Andhra Pradesh, for an undisclosed sum.

• ONGC evaluating options to hire Reliance Industries' infrastructure: Moily

  State-owned ONGC is exploring options to hire RIL's unutilised production facilities on the East to quickly bring to production its gas finds in the Krishna Godavari basin, Oil Minister M Veerappa Moily said on Tuesday in a written reply to Rajya Sabha.

• Supplementary charges filed in Emaar township case

  The Central Bureau of Investigation (CBI) on Monday filed an additional set of formal charges in the Emaar- APIIC (Andhra Pradesh Industrial Infrastructure Corporation) township case in a court. Businessman Sunil Reddy, said to be an aide of YSR Congress party leader YS Jaganmohan Reddy, and Emaar MGF finance head (south) GV Vijaya Raghav have been...

• Emaar scam: Accused top bureaucrat cries foul

  Suspended Indian Administrative Services (IAS) officer BP Acharya, the prime accused in the Emaar township "scam" who is currently on bail, on Wednesday claimed that he has been made a "scapegoat" in the case. Mr Acharya has been directed by the High Court of Andhra Pradesh to surrender forthwith before the Special CBI Court, hearing the alleged ir...

• APIIC deprived of Rs 43.5 crore in township project says CBI

  The Andhra Pradesh Industrial Infrastructure Corporation was deprieved of a legitimate revenue share of Rs 43.5 crore from the Integrated Township Project, developed jointly with Emaar Group at Gachibowli, while Emaar Properties and Emaar Motor and General Finance secured "undue pecuniary gain" of about Rs 167 crore.

• Andhra suspends home secretary arrested in Emaar case

  The Andhra Pradesh government Wednesday suspended Home Secretary B.P. Acharya, who has been arrested by the Central Bureau of Investigation (CBI) in the Emaar-APIIC township scam.

• Close aide of Jagan arrested in land case

  The CBI arrested Sunil Reddy, said to be a close aide of Kadapa MP Y S Jagan Mohan Reddy, in the Emaar-APIIC land case.