Palakol is a financial town in the state of Andhra Pradesh in India. It is an important trading town in West Godavari district for the surrounding villages Doddipatla, Achanta, Achanta Vemavaram etc., and is in proximity with other trading towns such as Bhimavaram, Eluru, Tanuku and Narsapur. Palakol's population is about 80,000 (Palakol mandal population included)); both Telugu and English are spoken .
Main tourist attraction of Palakol is the Ksheera Rama Lingeswara Swami Temple with its 36.6 Mts high Tower (Pedha Gopuram). It was built by the reddy rajulu[who?] who ruled this place during 15th century, as a 15th century temple for Shiva. It is one of the five Pancharama Kshetras.The temple has a unique white shiva lingam and the temple tower is one of the tallest among the temple towers in Andhra Pradesh.
This place was earlier called Dugdoparanapuram Upamanyupuram "Ksheera rampuram " and based on this temple. Later called as "Pala Kolanu", which all tries to convey the meaning of milk pond. This town and the Ksheera Rama Lingeswara Swami temple are located in the area subtended by the Shiva temples at Srisailam, Draksharamam and Kaleswaram also called "Trilinga Desam"(meaning "the region bounded by three lingas") which in following centuries of existence became Telugu desam, the language spoken by the people around these locations was named as Telugu, hence it is believed by some historians that the word "Telugu" was born from this region .
Ashtabhuja Lakshmi Narayana Swami Temple (Chinna Gopuram) which is known for its traditions and festivities like Bhramostavam, (generally held in May of every year) draw large number of devotees from nearby places. Dhanurmasam is celebrated in the month of December in the remembrance of love of Andaal for Lord Sri Krishna.chinna gopuram,which is considered as ashtabhuja lakshmi narayana temple is the one of the only two temples that exist in India for ashtabhuja lakshmi narayana temple,and only one in the south India.lakshmi ganapati temple.
Buses operated by APSRTC and private travel agencies run from Palakol to Hyderabad, Vizag, Vijayawada and Tirupati. Three express trains service the town, which is on the Narsapur-Vijayawada railway route. A bridge was built on Vasista Godavari near Chinchinada 7 km away from Palakol connecting East Godavari & West Godavari Districts of Andhra Pradesh, which makes it a part of National Highway 214.with the efforts of M.P Shri Kanumuri.Bapi raju,a new biweekly train runs to nagarsol for shirdi passengers on tuesday and friday. It facilitates the passengers to move for our capital hyderabad too and is scheduled at morning 10.40 AM.
Palakol is surrounded by paddy fields and coconut groves. It is said Dutch started plantations of Chinni, lemon and orange. Dutch built factory in Palkollu in 1613 trading post for textiles,lamp-oil,wood,roof tiles and bricks. The town is also famous for pomelo fruit (pumpara panasa kaaya). Weekend market on Saturday makes the town busy with business .
Lalita Kalanjali Nataka Academy supported by famous film artist and director Kodi Ramakrishna conducts Nataka Potilu (Drama Competitions) every year, which are famous in the state. For the prize giving of these drama competitions, many celebrates of Telugu film industry come to Palakollu.