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

Press Trust of India  |  New Delhi 

Thursday said its arm SEZ has inked a pact with Gas Development Corporation (APGDC) for supply of piped

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

With this development, SEZ would be the first zone on the eastern coat of to provide piped 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 like ceramics, glass, fertilisers and in this region. Since gas constitutes a major portion of their costs, a 30-40 per cent saving on 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," said.

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

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

The work for phase I of KSPL is underway.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 11 2018. 17:10 IST