The state government has signed a Joint Venture agreement for incorporation of a company called 'Godavari Gas'. Godavari Gas will be a joint venture between the government of Andhra Pradesh, GAIL and HCL with government and GAIL holding 74 per cent equity and HPCL26 per cent equity.
The company will lay the city gas pipeline in districts of East and West Godavari benefiting domestic consumers, commercial users, industries and transport sectors and is expected to give a huge fillip to the industries in the two districts. The Chief Minister directed the company to expand the city gas distribution to other districts of Andhra Pradesh.
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