MEIL Wins Rs 128B Contract for Two Nuclear Reactors in Karnataka

26 Apr 2025 CW Team

Megha Engineering & Infrastructures Ltd (MEIL) has secured a Rs 128 billion EPC contract from the Nuclear Power Corporation of India Ltd (NPCIL) to construct two 700 MW nuclear reactors—Kaiga units 5 and 6—in Karnataka. This marks MEIL's entry into the nuclear energy sector.

The Hyderabad-based company won the contract using the Quality-cum-Cost-Based Selection (QCBS) method, competing with industry giants like BHEL and L&T. MEIL's technical expertise and competitive pricing led to its selection.

This deal comes as the Indian government aims to increase nuclear power capacity, targeting 500 GW of non-fossil fuel capacity by 2030, with a goal to triple nuclear capacity by 2032. Currently, India has an installed nuclear capacity of 8.18 GW, with an additional 14.3 GW in various stages of development.

Image source:swarajyamag

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..