PNC Infratech Wins Rs 29.6 Billion Mining Contract from SECL

31 Jul 2025 CW Team

PNC Infratech Ltd has emerged as the lowest bidder (L1) for a mining services contract floated by South Eastern Coalfields Limited (SECL) in Bilaspur, Chhattisgarh. The contract, valued at Rs 29.57 billion (excluding GST), includes handling, transport, and other mining services such as the hiring of Heavy Earth Moving Machinery (HEMM) for overburden removal and coal extraction using surface miners. The scope also covers loading and transportation of extracted coal to designated locations at the Gevra OCP expansion project. The contract is to be executed over a five-year period, with financial bids opened on 28 July 2025.

Separately, the company also received a Letter of Acceptance from the Public Works Department, Rajasthan, for the construction of a flyover in Bharatpur city. The project, awarded on 6 June 2025 and valued at Rs 2.4 billion, involves building a flyover from Heeradas Chouraha to Kumher Gate Chouraha under an engineering, procurement and construction (EPC) model. It is scheduled for completion within two years.

Shares of PNC Infratech Ltd closed at Rs 297.75 on the BSE, down Rs 6.10 or 2.01 per cent.

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..