Biofuel Pact: Rs.500 Billion Economic Boost

12 Feb 2024 CW Team

In a groundbreaking announcement, Prime Minister Narendra Modi revealed a strategic biofuel agreement that is set to unleash Rs.500 billion in economic opportunities. The pact focuses on harnessing the potential of biofuels, aligning with the global shift towards sustainable energy.

This initiative aims to propel India into a leadership position in the renewable energy sector, fostering economic growth and job creation. Modi highlighted the multifaceted impact of the biofuel deal, emphasizing its role in reducing carbon emissions, mitigating climate change, and ensuring energy security.

The key components of the agreement include investments in research and development, infrastructure, and fostering collaborations with international partners. The move is expected to stimulate innovation and position India as a frontrunner in the green energy revolution.

Experts anticipate a surge in investment across biofuel-related industries, such as agriculture, technology, and manufacturing. The biofuel pact signifies a strategic step towards a greener and more sustainable future, aligning with India's commitment to achieving its climate goals.

This landmark announcement comes at a crucial juncture when the world is seeking innovative solutions to address environmental challenges. The biofuel pact, with its ambitious scope and potential economic windfall, marks a significant milestone in India's journey towards a cleaner, more prosperous future.

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..