UP Govt Signs MoUs to Boost Solar Energy

06 May 2025 CW Team

The Uttar Pradesh government has signed memoranda of understanding (MoUs) with the Smart Energy Council of Australia and the Hinduja Group to advance its green energy transition. The state aims to generate 500 gigawatts (GW) of solar energy by 2030 as part of its policy-driven strategy to promote clean power.

The initiative focuses on transforming Bundelkhand, Vindhya, and nearby areas into key solar energy zones. Since 2017, when the state's solar capacity was only 288 megawatts (MW), it has increased tenfold, with ongoing progress under the Solar Energy Policy 2022 and a near-term goal of 2,200 MW.

Key solar parks will be set up in Jhansi, Jalaun, Chitrakoot, Lalitpur, Kanpur City, and Kanpur Dehat. Bundelkhand Expressway is set to become India's first solar expressway. Municipal corporations and regions like Ayodhya and Noida are also being developed as solar cities.

The Solar Mitra Yojana aims to build a skilled workforce, while rooftop installations under PM Surya Ghar Yojana are being aggressively promoted. The rooftop solar target for financial year 2025–26 has been doubled to 265,000 units.

Transmission infrastructure will also be upgraded, with special focus on solar grids along expressways and rail tracks.

Source:Press Trust of India (PTI)

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..