PM To Lay Foundation Stones for Development Works In Anakapalli

03 Jan 2025 CW Team

Prime Minister Narendra Modi will lay foundation stones for various projects, including the bulk drug park and NTPC's green energy project, in Anakapalli district on Jan 8.NTPC Simhadri power plant is setting up a 1 TPD seawater to green hydrogen plant in the Parawada area near Visakhapatnam. For seawater processing, NTPC has implemented an innovative, low-carbon desalination plant utilising waste heat from the thermal power plant flue gas, enabling low-cost conversion of seawater into hydrogen-grade water.

The district administration is making extensive preparations for the foundation laying ceremony of the bulk drug park. The drug park iis expected to employ around 20,000 people either directly or indirectly.

Anakapalli district collector Vijaya Krishnan that the district administration has got a tentative schedule of Prime Minister Narendra Modi's visit but added that they are yet to get a confirmed schedule from the officials concerned.

As per the initial plan, the Kakinada area in the undivided East Godavari district was considered for the bulk drug park. However, the central govt advised the state to set up a Bulk Drug Park where govt lands are available. Meanwhile, the state govt acquired around 4,500 acres through APIIC for the special economic zone (SEZ) at Nakkapalli mandal in Anakapalli district.

The AP govt proposed to allot 2,000 acres for the bulk drug park, and the central govt gave the green signal. According to sources, the bulk drug park would be set up on around 800 acres, and more than 1,200 acres would be allotted to roads, drains, drinking water, and other basic amenities, including effluent plants. As part of providing basic amenities, work started on more than 200 acres in Rajayyapeta village. Now, the coconut plantations are being removed by JCBs.

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..