GMR Infra arm signs pact with APGDC for piped natural gas supply

"Kakinada SEZ, a subsidiary of GMR Infra, signed an MoU with APGDC to get access to piped domestic natural gas for its upcoming 10,500-acre zone," the company said in a filing to BSE.

View in App
BCCL
The work for phase I of KSPL is underway.
NEW DELHI: GMR Infrastructure Thursday said its arm Kakinada SEZ has inked a pact with Andhra Pradesh Gas Development Corporation (APGDC) for supply of piped natural gas.

"Kakinada SEZ, a subsidiary of GMR Infra, signed an MoU with APGDC to get access to piped domestic natural gas for its upcoming 10,500-acre zone," the company said in a filing to BSE.

With this development, Kakinada SEZ would be the first zone on the eastern coat of India to provide piped natural gas to all its industrial units.


The zone, which is located on the Vizag-Chennai Industrial Corridor, offers 8,521 acre of industrial land with another 1,879 acre earmarked for a Greenfield commercial port.

"This unique development will be a boon for gas dependent industries like ceramics, glass, fertilisers and chemicals in this region. Since gas constitutes a major portion of their costs, a 30-40 per cent saving on gas price will yield significant competitive advantage.

"This is expected to attract significant overseas and domestic investments, giving a boost to 'Make in India' and 'Sunrise Andhra Pradesh' initiatives," Kakinada SEZ CEO Challa Prasanna said.

APGDC has agreed to lay a spur line from the main trunk line to the zone premises for facilitating piped gas access to commercial and industrial customers.
ADVERTISEMENT

APGDC, which is the authorised entity by Petroleum and Natural Gas Regulatory Board (PNGRB) for laying, operating and expanding gas distribution network in AP, is executing the Kakinada-Srikakulam high pressure Natural Gas Pipeline (KSPL) to facilitate supply of gas for industrial use.

The work for phase I of KSPL is underway.
READ MORE
ADVERTISEMENT

READ MORE:

Sentiment Tracker

    Select any three only
      Thank you for your response

      LOGIN & CLAIM

      50 TIMESPOINTS

      Related Companies

      ET Business Listings
      Generate Enquiries for your Business by Listing on Economictimes.com

      More from our Partners

      Loading next story
      Text Size:AAA
      Success
      This article has been saved

      *

      +