"We are hopeful that the gasline network to supply natural gas to every household will be ready by another three years' time," state Environment Minister and city mayor Sovan Chatterjee said after a meeting with senior officials of Gas Authority of India Limited (GAIL).
State Finance Minister Amit Mitra was also present in the meeting along with Environment Principal Secretary Arnab Roy.
"In today's meeting we discussed about the operations, on the DPR and process of implementation of the project," Chatterjee said.
The West Bengal government has decided to enter into a joint venture with the GAIL to supply natural gas to every household in greater Kolkata.
Chief Minister Mamata Banerjee gave her approval to the joint venture at a meeting of the Cabinet Standing Committee on Industry early this week.
The Greater Calcutta Greater Calcutta Gas Supply Corporation (CGSC), which is a 100 per cent state-owned company, will have an equity of 26 per cent while GAIL will hold the rest 74 per cent stake for the Rs 3,000 crore project.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
