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Economy News, Latest Economic News Today | The HinduBusinessLine

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AP govt allots land to SAF One India SPKompact for SAF pr...
BL Hyderabad Bureau · 2026-06-28 · via Economy News, Latest Economic News Today | The HinduBusinessLine

Andhra Pradesh Government has allotted 45 acres of land to SAF One India SPKompact Pvt Ltd, a subsidiary of SAF One Energy Management Limited, Dubai, in Kakinada for establishing a Sustainable Aviation Fuel (SAF) Production Facility on long-term lease with investment ₹1,835 crore.

The proposed facility is expected to generate 2,500 directed and indirect jobs. The State Investment Promotion Board (SIPB) recommended the proposal for allotment of approximately 45 acres of identified Andhra Pradesh Maritime Board (APMB) land at Kakinada to SAF One India SPKompact for establishment of a Sustainable Aviation Fuel (SAF) production facility, in accordance with the APMB Land Allotment Guidelines, 2026.  

Subsequently, on Saturday the State Government approved the allotment of land and execution of a long-term lease agreement by APMB in favour of the company for a period of 30 years, with lease rentals and other applicable charges levied as per the prevailing norms. 

The allotment on an “as-is-where-is” basis, subject to the company obtaining all requisite statutory approvals, clearances, and compliances from the competent authorities, according to the order. 

Published on June 28, 2026