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GAIL signs MoU to develop industrial park in UP

, September 7, 2012, 0 Comments

GAIL Ltd has signed a Memorandum of Understanding with Uttar Pradesh State Industrial Development Corp (UPIDC) for facilitating development of an industrial park for plastic processing units in Auraiya.

UPIDC plans to set up a special purpose vehicle for the development of the 314-acre industrial park. GAIL is currently in advanced stage for augmenting its polymer capacity from its petrochemical complex in the state to 900,000 tn per annum from 410,000 tn

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