India Allocates Rs.75 Bn for Enhanced Hydrocarbon Exploration

02 Aug 2024 CW Team

The Indian government has allocated Rs.75 billion to advance hydrocarbon exploration through enhanced seismic data acquisition. This strategic investment aims to bolster the country's oil and gas sector, ensuring more efficient resource identification and extraction.

The initiative focuses on acquiring high-quality seismic data, which is crucial for mapping and evaluating potential hydrocarbon reserves. By improving the precision of geological surveys, the government seeks to increase the success rate of exploration projects and attract further investments in the sector.

This move is part of India's broader strategy to enhance energy security and reduce dependence on imports. By identifying and developing domestic hydrocarbon resources, the country hopes to stabilise energy prices and support economic growth. The increased data acquisition capabilities are expected to facilitate more informed decision-making, reduce exploration risks, and ultimately lead to more successful drilling operations.

The allocation of Rs75 billion underscores the government's commitment to modernising the energy sector and addressing future energy needs. It aligns with broader goals to expand exploration activities and improve the overall efficiency of energy production.

Overall, this significant investment is anticipated to provide a substantial boost to India's hydrocarbon exploration efforts, contributing to long-term energy security and economic stability.

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..