Adani Enterprises bags deal to supply overseas coal to NTPC

11 Jan 2022 CW Team

Adani Enterprises Ltd. has bagged a deal to deliver overseas coal to India’s top electricity generator, NTPC, as the country strives to avoid a repeat of last year’s energy problem.

Adani, India’s largest trader of imported thermal coal, will supply 1 million tons to state-run NTPC Ltd., which in October released its first proposal for coal imports in over two years.

Kolkata-based Damodar Valley Corp. Ltd., also state-owned, is reviewing a tender from Adani for providing the same volume to its power facilities.

Indian power generators are under pressure to strengthen coal stockpiles after supply troubles and growing demand left the nation grappling with shortages in the second half of 2021, resulting in outages in some provinces and curbs on energy-hungry industries.

The decision to acquire coal from overseas comes despite the government’s commitment to decrease dependence on fuel imports. Coal estimates for approximately 70% of India’s electricity production and consumption are forecast to increase in the coming few years, even as Prime Minister Narendra Modi makes a drive to add renewables.

Last month, Adani, from its controversial Carmichael coal mine in Australia, commenced shipping the first export cargo. The coal mine is headed to India. Benchmark seaborne coal costs reached a record in October, though they have since reduced those gains, assisting in strengthening the case for imports.

Image Source

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..