Date:07/07/2007 URL: http://www.thehindubusinessline.com/2007/07/07/stories/2007070751052100.htm

Back GVK Power, TIDCO putting up SEZ

Our Bureau

Chennai, July 6 GVK Power & Infrastructure Ltd today signed a memorandum of understanding (MoU) with the Tamil Nadu Government to jointly develop a special economic zone in Perambalur District.

The MoU was signed in the presence of Mr 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.