How it started
History
KMRC was formed as a joint venture company between two govt bodies, i.e. Government of West Bengal and Government of India on a 50-50 partnership basis. Ministry of Urban Development (now renamed as Ministry of Housing and Urban Affairs) holds the shares on behalf of Govt. of India.
On 29 September 2010, it was decided that Govt. of West Bengal withdraws all its shares from KMRC, and Govt. of India will be the shareholder of KMRC along with JICA. Thus Govt. of West Bengal gave all its shares to the Ministry of Railways, and making Kolkata Metro a central government entity again.
From Wikipedia’s article on Kolkata Metro Rail Corporation, shared under CC BY-SA 4.0.2
