GVK Power Signs MoU With Govt Of Tamil Nadu To Set Up SEZ

GVK Power & Infrastructure Ltd has informed that the Company has signed Memorandum of Understanding (MoU) with State Government of Tamil Nadu to jointly develop a multi product Special Economic Zone (SEZ) in Perambalur District. The MoU was signed in the presence of Dr. M Karunanidhi, Chief Minister, by Mr. G V Krishna Reddy, CMD of the Company and Mr. S Ramasundaram, Chairman, Tamil Nadu Industrial Development Corporation Ltd (TIDCO).The project is being implemented as a Joint Venture between TIDCO and the Company through a Special Purpose Vehicle. GVK Infratech Pvt Ltd, a wholly owned subsidiary of the Company.