Power Grid Corporation Secures Inter-state Transmission Project under TBCB

10 Mar 2025 CW Team

The project will be executed on a Build, Own, Operate, and Transfer (BOOT) basis, with the Letter of Intent (LoI) received on March 6, 2025. It includes key developments such as the augmentation of transformation capacity at the existing Kurnool-III substation, expansion works at the C’peta substation, and the installation of a 765kV double-circuit transmission line. The entire project scope falls within the state of Andhra Pradesh.

This initiative aims to enhance the transmission infrastructure necessary to support increased renewable energy capacity in the region. By strengthening the grid at Kurnool-III, POWERGRID will help improve the reliability and efficiency of power transmission, facilitating the integration of renewable energy sources into the national grid.

Meanwhile, POWERGRID reported a 4.1 per cent year-on-year decline in net profit for the third quarter ending December 31, 2024. The company's net profit stood at Rs 38.61 billion, compared to Rs 40.28 billion in the corresponding quarter of the previous fiscal year. Revenue from operations also saw a 3 per cent decline, amounting to Rs 112.33 billion, down from Rs 115.79 billion in the same period last year. These financial results fell slightly below market expectations, as per CNBC-TV18 estimates.

Despite the dip in financial performance, POWERGRID continues to expand its infrastructure portfolio, reinforcing its role in India’s power transmission sector. The latest project at Kurnool-III is expected to strengthen the renewable energy grid and contribute to India's clean energy goals.

News source: CNBC TV18

State-owned Power Grid Corporation of India (POWERGRID) has been awarded the contract under Tariff-Based Competitive Bidding (TBCB) for strengthening the transmission system at Kurnool-III Power Station to facilitate the integration of additional renewable energy (RE) generation projects. The project will be executed on a Build, Own, Operate, and Transfer (BOOT) basis, with the Letter of Intent (LoI) received on March 6, 2025. It includes key developments such as the augmentation of transformation capacity at the existing Kurnool-III substation, expansion works at the C’peta substation, and the installation of a 765kV double-circuit transmission line. The entire project scope falls within the state of Andhra Pradesh. This initiative aims to enhance the transmission infrastructure necessary to support increased renewable energy capacity in the region. By strengthening the grid at Kurnool-III, POWERGRID will help improve the reliability and efficiency of power transmission, facilitating the integration of renewable energy sources into the national grid. Meanwhile, POWERGRID reported a 4.1 per cent year-on-year decline in net profit for the third quarter ending December 31, 2024. The company's net profit stood at Rs 38.61 billion, compared to Rs 40.28 billion in the corresponding quarter of the previous fiscal year. Revenue from operations also saw a 3 per cent decline, amounting to Rs 112.33 billion, down from Rs 115.79 billion in the same period last year. These financial results fell slightly below market expectations, as per CNBC-TV18 estimates. Despite the dip in financial performance, POWERGRID continues to expand its infrastructure portfolio, reinforcing its role in India’s power transmission sector. The latest project at Kurnool-III is expected to strengthen the renewable energy grid and contribute to India's clean energy goals. News source: CNBC TV18

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..

Infrastructure Energy

05 Nov 2025

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..

Infrastructure Urban

05 Nov 2025

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..