GAIL, MIDC to form JV

GAIL India Ltd and Maharashtra Industrial Development Corporation (MIDC) plan to form a joint venture company for distributing gas to industrial consumers in the state. The company will take about nine months to become operational, from the date of formation .In the first phase, the joint venture company would tap GAIL's trunk pipe line between Tarapur with Dabhol for distribution to the industrial areas en route. An industrial gas corridor is being envisaged along the trunk line between the two locations. Gas will also be made available to non-MIDC industrial estates and to residential areas. Contact: GAIL. Tel: 011-2617 2580. Fax: 011-2618 5941. Website: www.gailonline.com