Mar 2012: A surface-to-air missile unit is all set to come up at a cost of Rs 30,000 crore at Ibrahimpatnam in Ranga Reddy district. The foundation stone for the project by Bharat Dynamics Limited (BDL) was laid by chief minister N Kiran Kumar Reddy on Sunday.
The infrastructure for the project, spread over 630 acres of land, will be ready in three years' time. Initially, an estimated 6,000 missiles are expected to be produced at the unit which would be equipped to subsequently expand production to keep up with the demand.
M Pallam Raju, the Union minister of state for defence, said that the project budget would be allocated in the 12th and 13th Plans. Project developer BDL's turnover would go from Rs 1,000 crore to Rs 5,000 crore once production begins at the surface-to-air missile defence project unit at Ibrahimpatnam. The new unit will create 1,000 officer-level jobs and Pallam Raju said that manpower from educational institutions should be churned out as per industry requirements to enable the local population to benefit from the project and find employment at the unit.
Adibatla, a once-sleeping suburb of Hyderabad, is a now a buzzing word in the Real Estate market! It is nestled between Nagarjuna Sagar Highway and Srisailam Highway along the Outer Ring Road(ORR) This blog is created to share information related to the developments in Adibatla and surrounding areas.
Showing posts with label BDL. Show all posts
Showing posts with label BDL. Show all posts
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