Hyderabad: 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.
GMR’s Kakinada SEZ signs pact with APGDC
With this development, Kakinada SEZ would be the first zone on the eastern coast 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.