The Government of Andhra Pradesh reserved low grade Iron Ore deposit areas in Konijedu, Marlapadu villages in Prakasam District over an extent of 3,143 acres for exploitation in public sector.
The Andhra Pradesh Mineral Development Corporation signed an MOU with M/s. Gimpex Ltd., Chennai for exploitation of low grade Iron Ore deposits over an extent of 1307.26 acres and establishment of beneficiation plant under Joint Venture.
Local people, opposed to setting up of an iron ore extraction plant in the village, clashed with police in Dec 2011 (1). Villagers also boycotted public hearing on the proposed plant.