A shareholders’ agreement for restructuring of Andhra Pradesh Gas
Distribution Corporation Limited has been signed by Andhra Pradesh Gas
Infrastructure Corporation Private Limited, Andhra Pradesh Gas
Distribution Corporation Limited and GAIL Gas Limited to pave way for
creation of gas supply network.
GAIL Gas Ltd has been taken in as equal partner in the APGDC. Initially,
the Andhra Pradesh Gas Distribution Corporation Limited has been
incorporated as a wholly-owned subsidiary of Andhra Pradesh Gas
Infrastructure Corporation Private Limited for laying and maintaining
natural gas pipeline infrastructure and city/district Gas Distribution
Networks in Andhra Pradesh.
According to a statement, the State Government after careful study of
the present day natural gas scenario and also to tap the potential of
the natural gas and to accelerate the industrial growth in the State
have given the nod for the equity participation by GAIL Gas Limited.
GAIL Gas Limited is the wholly-owned subsidiary of GAIL India Limited
and focusing mainly on the city gas distribution networks. The agreement
was signed in the presence of Mr. Sutirtha Bhattacharya, Principal
Secretary to Government, Infrastructure & Investment Department,
Mr.B. R. Meena, VC&MD, APIIC and MD, APGIC, Mr. Vijayanand, MD, AP
Genco, Mr. Prabhat Singh, Director (Marketing) GAIL India Limited.
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