Current Affairs - Business - Discussion

Kakinada SEZ Ltd., a subsidiary of GMR Infrastructure Ltd., has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Gas Development Corporation (APGDC). The agreement is to get access to piped domestic natural gas for its upcoming 10,500-acre zone. With this development, Kakinada SEZ would be the first zone on the eastern coast of India to provide Piped Natural Gas (PNG) supply to all its industrial units. The Kakinada SEZ lies 6 km away from the Kakinada Srikakulam pipeline. 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.