HARYANA (Metro Rail News): The government of Haryana has officially approved the formation of Gurugram Metro Rail Limited on the pattern of DMRC.
Jurisdiction
Gurugram Metro Rail Limited (GMRL) has been entrusted with undertaking the Gurugram Metro extension project, encompassing a 28.5km loop stretching from Millennium City Centre to Cyber City Gurugram.
Authorised Capital
The GMRL will be endowed with an initial authorised capital of ₹20 crore, with Haryana securing a 50% stake valued at ₹ 10 crore.
The Body
The Managing Director of Haryana Mass Rapid Transport Corporation Limited would also serve as the Managing Director of the GMRL, representing the Haryana government as one of the directors of the special purpose vehicle. Joining them on the board will be the Administrative Secretary and DTCP in-charge, the GMDA CEO, and the Municipal Corporation of Gurugram Commissioner.
Approval From the Central Governmnet
Approval from the central government on the same remains pending.
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