CESC buys Calcutta Tramways land in Kolkata for Rs 27 cr
In the metropolis auctioned by the West Bengal government, Private power utility CESC has bought 49.16 cottah of Calcutta Tramways Corporation in three land parcels, the first such divestment.
The RP-Sanjiv Goenka group-owned company, will pay Rs 27.73 crore for 49.16 cottah spread over three tram depots at Galiff Street (14.95 cottah), Kalighat (12.33 cottah) and Kidderpore (21.33 cottah).
CESC managing director Aniruddha Lahiri received the letter of intent on Friday, by Transport minister Madan Mitra.
He informed after relaxing the terms of payment, another two land parcels of CTC at Tollygunj (4 acre) and Belgachia (52 cottah) will ready for the hammer soon.
The company proposed to utilise the land parcels for installing substations to boost the power distribution network in metropolis, said by Mr. Lahiri.
At present CESC was working to build a backbone to meet power demand up to 3,000 MW from 1,900 MW.
In the meantime, Mitra said helicopter service to Sunderbans will begin soon as part of air-link connectivity with towns and tourists spots.
Source: Business Line
Aniruddha Lahiri, Belgachia, Calcutta Tramways Corporation, Calcutta Tramways land, Galiff Street), Kalighat, Kidderpore, Madan Mitra, Mitra, Private power utility CESC, RP-Sanjiv Goenka group-owned company, Sunderbans, Tollygunj, West Bengal government
