India to explore 6km inside the ocean to power EVs

23 May 2024 CW Team

India is diving deep into the ocean in a quest for minerals crucial for powering the next generation of electric vehicles and solar panels, setting the stage for an underwater competition with China. The country has applied to the United Nations' International Seabed Authority (ISA) for permission to explore the Carlsberg Ridge and Afanasy-Nikitin Seamount (ANS) in the Indian Ocean, known for their cobalt and manganese reserves essential for battery production and solar energy. We recognise the strategic importance of these regions, especially with competition from other nations like China, remarked M Ravichandran, Secretary of the Ministry of Earth Sciences. Presently, India holds exploration licenses for polymetallic nodules in the central Indian Ocean and polymetallic sulphides near Mauritius. These efforts aim to reduce India's reliance on imported minerals like cobalt and pave the way for sustainable resource extraction from the ocean depths. With advanced mining technologies and significant mineral reserves identified, India is setto unlock the vast potential lying beneath the ocean's surface. (Source: Economic Times)

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..