Gremach Infrastructure to invest 200 cr in Kolhapur SEZ

Mumbai, June 4 (UNI) Gremach Infrastructure Equipments and Projects Ltd (GIEPL) will invest Rs 200 crore in development of Special Economic Zone (SEZ) at Kolhapur in Western Maharashtra.

The Comapny has already acquired about 200 acres of Land from the Maharashtra Industrial Development Corporation (MIDC) to set up Metal SEZ in Gadhinglaj town, the company said in a communication to the Bombay Stock Exchange (BSE) today.

The Company would also be setting up its own anchor industry, namely manufacturing facility of API grade Spiral welded Pipe (Saw Pipe) in the said SEZ.

The proposed SEZ is expected to generate large scale employment.

GIEPL is one of the leading equipment hiring Company in India,' and provides construction equipment on hire basis for large sized construction projects such as roads, flyovers, ports, docks, highways, jetties, irrigation, hydroelectric projects, oil and gas pipelines and nuclear power projects.

UNI