As per preliminary information, naxals had called up Naidu, who hailed from Jagdalpur in Bastar district, to Kamaloor and after he reached there, they slit his throat and torched his Bolero vehicle, Pallava said.
The deceased was the owner of Anna and Anna Group which deals in mining-related works, he said, adding that the police are investigating the trigger behind Naidu's killing.
Another police official said a Maoist pamphlet was recovered from the spot in which Bhairamgarh Area Committee of Maoists has claimed responsibility for the killing.
"In the pamphlet, the ultras have opposed the mining work in the area," he said.
An operation has been launched to track naxals.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)