Andhra Pradesh, Kings Infra Ink INR 2,500 Cr Agreement for New Aquaculture Technology Park
A deal between Kings Infra Ventures Ltd and the Andhra Pradesh government to build an aquaculture technology park near Srikakulam for INR 2,500 crore was signed on 17 November. According to a release from Kings Infra, the 500-acre complex will be the first AI-driven aquaculture park in India, establishing the southern state as a centre for sustainable seafood production powered by technology.
According to the company, Kings Infra, based in Kerala, plans to invest INR 500 crore directly in core infrastructure, processing facilities, and research and development. An additional INR 2,000 crore is anticipated from small enterprises, ancillary industries, and renewable energy projects. The project will house hatcheries, indoor farming systems, processing lines, and a marine bio-actives division, all integrated through BlueTechOS, the company's proprietary artificial intelligence operating system, which will be built and run from nearby Visakhapatnam, according to the memorandum of understanding signed during the recent CII partnership summit held there.
AP Largest Aquaculture Producing State
The state of Andhra Pradesh is the leading producer of aquaculture in India. According to Shaji Baby John, chairman and managing director of Kings Infra Ventures Ltd., this technology park would open up new options for the Blue Economy, create a lot of jobs and economic growth, and establish international standards for ethical food production.
The government will offer single-window clearance for land identification and all necessary approvals, according to State MSME Minister Kondapalli Srinivas.
Financial Dynamics of Kings Infra
In the second quarter of the fiscal year 2025–2026, the company reported a 22.36% year-over-year growth in consolidated net profit to INR 4.24 crore. During the aforementioned review period, total income increased from INR 30.56 crore to INR 43.45 crore. In a regulatory filing, the chairman stated that the company's aquaculture segment was the main driver of growth during the quarter, with robust order flows from China, Vietnam, and Europe providing assistance. Established in 1987 and traded on the Bombay Stock Exchange, Kings Infra Ventures is involved in infrastructure construction, aquaculture, and seafood exports.
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•Kings
Infra Ventures signs INR 2,500 crore deal with Andhra Pradesh govt to build
an AI-driven aquaculture technology park near Srikakulam. •The
500-acre park will be India’s first AI-enabled aquaculture complex, powered
by the company’s BlueTechOS platform. •Kings
Infra to invest INR 500 crore in core infrastructure, processing units, and
R&D. •Additional
INR 2,000 crore expected from MSMEs, ancillary industries, and renewable
energy projects. •The
facility will include hatcheries, indoor farming systems, processing lines,
and a marine bio-actives division. •Andhra
Pradesh govt to provide single-window clearance for land and approvals. •AP is India’s largest
aquaculture-producing state. |
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