Sri Lanka Adani Power Deal Still on as Government Confirms Lower Costs

30 Jan 2025 CW Team

The Sri Lankan government is engaged in negotiations with India’s Adani Group to reduce the cost of power from two wind power projects planned for the country’s Northern province. These discussions are part of a broader effort to ensure affordable and sustainable energy production as the nation works towards stabilising its power sector.

The projects, backed by an investment of $442 million from the Adani Group, are expected to generate 500 MW of renewable energy. This initiative aligns with Sri Lanka’s long-term strategy to enhance its renewable energy capacity, reduce dependence on fossil fuels, and mitigate the on-going energy crisis. By increasing the share of clean energy in its power grid, Sri Lanka aims to improve energy security, lower electricity costs for consumers, and support its economic recovery.

The government’s push for renewable energy is also in line with its commitment to achieving a more sustainable and environmentally friendly energy mix. The wind power projects are anticipated to play a crucial role in meeting the country’s growing energy demands while reducing carbon emissions and promoting economic growth through infrastructure development and job creation in the renewable energy sector.

News source: Financial Express

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..