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Kings Infra Inks Aquaculture Tech Park Deal with AP Government
Kings Infra Ventures Ltd revealed that it has signed an agreement with the Andhra Pradesh government to establish a Rs.2, 500-crore aquaculture technology park close to Srikakulam.
Kings Infra announced that the 500-acre facility will be India's inaugural AI-powered aquaculture park, establishing the southern state as a center for technologically advanced sustainable seafood production.
Kings Infra, based in Kerala, will invest Rs. 500 crore invested directly in essential infrastructure, processing facilities, and research and development, along with an additional Rs. The company stated that 2,000 crore is anticipated from small businesses, ancillary industries, and renewable energy projects.
According to the memorandum of understanding signed at the recent CII partnership summit in Visakhapatnam, the project will include hatcheries, indoor farming setups, processing lines, and a marine bio-actives division, all interconnected via BlueTechOS, the company's exclusive artificial intelligence operating system that will be developed and managed from the nearby Visakhapatnam.
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Over five years, the park aims to educate 5,000 aquaculture specialists and promote the cultivation of various species, such as shrimp, seabass, grouper, and tilapia, for continuous production and export.
"This Technology Park will open new avenues for the Blue Economy, create substantial economic and job prospects, and establish international standards for sustainable food production," says Kings Infra Ventures Ltd Chairman and Managing Director Shaji Baby John.
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MSME Minister Kondapalli Srinivas stated that the government will offer a single-window facility for land identification and all necessary approvals.
According to the chairman in a regulatory filing, the aquaculture division was the main contributor to growth this quarter, aided by robust order inflows from Europe, Vietnam, and China
The firm announced a 22.36 percent rise in consolidated net profit year-on-year to Rs. 4.24 crore in the second quarter of the fiscal year 2025-26.
Total revenue increased to Rs. 43.45 crore increased from Rs.30.56 crore during the specified review period.
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According to the chairman in a regulatory filing, the aquaculture division was the main contributor to growth this quarter, aided by robust order inflows from Europe, Vietnam, and China.
Kings Infra Ventures, established in 1987 and publicly traded on the Bombay Stock Exchange, engages in aquaculture, seafood exportation, and infrastructure development.
