MNRE to raise more than Rs 135 billion via green bonds in FY25

26 Jul 2024 CW Team

The Ministry of New & Renewable Energy (MNRE) intends to raise more than Rs 135 billion through green bonds for various renewable energy projects in the current financial year, ending March 2025. This effort is part of a broader initiative, with various ministries and departments planning to raise a total of Rs 320.6 billion via Sovereign Green Bonds (SGrBs). According to the union budget for FY25, MNRE aims to secure Rs 135 billion. The budget estimates are 80% higher than the previous year?s estimate of Rs 75.07 billion and more than double the revised estimate of Rs 61.16 billion from the last fiscal year.

Allocation Breakdown: - Solar Energy: Rs 100 billion - PM KUSUM (Rural Solar Scheme): Rs 19.96 billion - Wind Energy: Rs 9.30 billion - National Green Hydrogen Mission: Rs 6 billion

In FY23, the government raised Rs 160 billion through SGrBs, with actual expenditure under eligible schemes reaching Rs 169.23 billion. The excess Rs 9.23 billion was covered by general government revenues. For FY24, the government plans to raise Rs 200 billion through SGrBs, with any additional expenditure to be financed through general revenues.

Overall Fundraising Plans: - Railways: Rs 150 billion, primarily for energy-efficient electric locos (Rs 120 billion), Dum Dum Airport to New Garia via Rajarhat metro construction (Rs 17.91 billion), and Joka to Binoy Badal Dinesh Bagh via Majerhat metro construction (Rs 12.08 billion). - Ministry of Housing and Urban Affairs (MoHUA): Rs 33.64 billion for equity investments in metro projects. - Ministry of Environment, Forests, and Climate Change (MoEFCC): Rs 1.7 billion for the National Mission for a Green India. The actual amount to be raised through SGrBs in FY25 will be determined and notified separately. (Source: BusinessLine)

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..