Sri Lanka SC sets Oct 14 as date for Adani wind power project case

05 Aug 2024 CW Team

Sri Lanka's Supreme Court has scheduled October 14 for the hearing of five fundamental rights petitions filed against the wind power plant project undertaken by India's Adani Group in Mannar, a north-eastern region of the country. The petitions were brought forward by environmental NGOs, which argue that the project endangers biodiversity and poses a threat to migratory birds.

The three-member bench of the apex court has ordered the respondents, including the government, the Board of Investment, and the Central Environmental Authority, to file their objections by September 13.

The Wildlife and Nature Protection Society is among the groups that filed the case. They claim that the decision by the Cabinet to categorize the Adani wind power project as a government-to-government venture between Sri Lanka and India is illegal and would cause significant harm to the migratory bird population and the environment. The society also challenged the action by Minister of Environment Pavithra Wanniarachchi to exclude the Viddathalathivu area in Mannar district from being designated as a forest reserve, a move made to facilitate the project.

Previously, on June 18, the Supreme Court had given Prime Minister Dinesh Gunawardena, the Cabinet, and the Adani Group three weeks to file preliminary objections to the petitions.

In May, the Sri Lankan government approved a 20-year power purchase agreement with Adani Green Energy to develop 484 MW wind power stations in the country. These renewable energy projects include a 250 MW project in Mannar and a 234 MW project in Pooneryn, with a total proposed investment of $ 750 million. The Sri Lankan government has stated that the Adani Group's investment is crucial for the country to achieve its goal of sourcing 70% of its power needs from renewable energy by 2030.

(Source: ET)

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..