Coal India Signs MoU With Indian Port Rail to Boost Rail Infrastructure

09 Jun 2025 CW Team

Coal India Ltd (CIL) has signed a non-binding memorandum of understanding (MoU) with Indian Port Rail & Ropeway Corporation Ltd to develop and upgrade the rail infrastructure of the coal giant and its subsidiaries. The agreement was signed in Kolkata on 5 June 2025, signalling a strategic collaboration to improve coal transportation networks.

The Indian Port Rail & Ropeway Corporation is a joint venture formed by 11 major ports under the Ministry of Ports, Shipping and Waterways, which hold 90 per cent equity, and Rail Vikas Nigam Limited (RVNL) under the Ministry of Railways, which holds 10 per cent equity. The joint venture aims to provide efficient rail evacuation systems for major ports and enhance their capacity and throughput.

Coal India accounts for more than 80 per cent of India’s domestic coal production. In the financial year 2024–25, CIL produced 781.1 million tonnes (MT) of coal, which was nearly seven per cent below its annual target of 838 MT.

Looking ahead, Coal India has set ambitious targets for the financial year 2025–26, aiming to achieve a production volume of 875 MT and an offtake of 900 MT. The MoU with Indian Port Rail & Ropeway Corporation is expected to play a vital role in supporting these goals by strengthening the company’s rail logistics and transportation infrastructure.

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..