KP Group To Invest Rs 80 Billion In Gujarat Green Fuel Network

16 Oct 2025 CW Team

A city-based renewable energy conglomerate, KP Group, has signed a Memorandum of Understanding (MoU) with the Energy and Petrochemicals Department, Government of Gujarat, to establish a statewide network of hydrogen and electric vehicle (EV) fuel stations.

The MoU, signed on 9 October 2025 during the Vibrant Gujarat Regional Conference (North Region) at Ganpat University, Mehsana, represents a major step towards strengthening Gujarat’s clean energy and e-mobility ecosystem, the company said in a statement.

Under the agreement, KP Group will invest Rs 80 billion to develop hydrogen and EV refuelling infrastructure across the state. The project is expected to generate around 1,000 employment opportunities and play a pivotal role in Gujarat’s transition towards low-carbon and sustainable mobility.

The Government of Gujarat will facilitate the company in securing necessary permissions, approvals, and clearances from various departments in accordance with state policies and regulations, ensuring timely and efficient project execution.

“Gujarat has consistently led India’s clean energy transition, and this MoU marks another milestone in that journey,” said Dr Faruk G. Patel, Founding Promoter of KP Group. “Through this collaboration, we aim to build a robust, future-ready refuelling ecosystem for hydrogen and electric vehicles. This initiative will empower industries, public transport, and private users to confidently adopt cleaner fuels while reinforcing Gujarat’s leadership in sustainable infrastructure development.”

The project aligns with Gujarat’s broader vision of promoting green mobility, renewable energy adoption, and carbon reduction, further positioning the state as a national frontrunner in sustainable energy innovation.

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..