Chiranjeevi's son, actor-producer Ram Charan is all set to produce the film, which will feature the legendary megastar, a release issued here said.
Ram turned producer with Khaidi No 150 under his home banner Konidela Production Company.
The second film, which will be directed by Surender Reddy, is based on a freedom fighter named Uyyalawada Narsimha Reddy. Given the subject, the team is extensively working on the script and historic details, it said.
The Chiranjeevi-starrer will have an official launch in April, it added.