Oswal Pumps Wins Rs 4.42 Billion Solar Pump Order in Maharashtra

18 Aug 2025 CW Team

Oswal Pumps has secured an order worth Rs 4.42 billion from Maharashtra State Electricity Distribution Company (MSEDCL) for the supply, installation, testing, and commissioning of 14,787 solar water pumping systems across the state.

The order, awarded under the PM-KUSUM B Scheme/Magel Tyala Saur Krushi Pump Yojana, includes off-grid direct current pumping systems at identified farmers’ sites. The letter of award is valid for one year, with installations to be completed within 60 days of the issuance of work orders or necessary approvals.

Launched in 2019, the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme aims to promote renewable energy in agriculture. The programme includes three components—Component A for 10,000 MW of small solar power plants, Component B for 14 lakh standalone solar-powered agriculture pumps, and Component C for 35 lakh grid-connected solarised agriculture pumps. Initially targeted for completion by 2022, the scheme has been extended until March 2026 due to pandemic-related delays.

News source: Business Standard

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..