VeeCycle Works signs MoU with A.P. government for ₹150 crore recycling project in Visakhapatnam
VeeCycle Works has signed an agreement with the Andhra Pradesh government to invest ₹150 crore in a waste-to-resource facility in Visakhapatnam. The project aims to process industrial and plastic waste into construction materials and fuel.
Why it matters
This investment supports the circular economy and environmental sustainability by reducing landfill reliance and creating industrial jobs.
Sona Group venture VeeCycle Works has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh government to establish advanced waste-to-resource facilities in Visakhapatnam, entailing an investment of ₹150 crore.
The agreement was signed on Tuesday at the first Andhra Pradesh Regional Investment Conference 2026, held ahead of the CII Partnership Summit 2026.
Sona Group Vice-Chairman Chocko Valliappa signed the MoU in the presence of Minister of Industries, Commerce & Food Processing T.G. Bharath and Minister for Roads & Buildings, Infrastructure and Investment B.C. Janardhan Reddy. Union Minister of Civil Aviation K. Rammohan Naidu graced the event as chief guest.
Built on the theme ‘From Residue to Resilience’, VeeCycle Works aims to process one million tonnes of industrial and plastic waste annually. The initiative will alleviate landfill pressure, cut reliance on virgin resources, and bolster India’s circular economy.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in