IDA approves Rs 2 B development projects in Indore

29 Aug 2023 CW Team

The Indore Development Authority (IDA) has sanctioned Rs 2 billion for development projects within IDA's TPS Schemes. This decision was made during a recent board meeting. Notably, tenders worth Rs 13.72 billion were approved, focusing primarily on road infrastructure and internal development aligned with the master plan of the TPS schemes. Additional allocations include Rs 60 million for electrification and Rs 50 million for beautification in Scheme No 155.

Moreover, Rs 2.6 million were allocated for garden development at Swami Vivekananda Higher Secondary School. In a bid to enhance amenities, a consultant-cum-transaction consultant was appointed to formulate a proposal for constructing a convention centre with a seating capacity of 10,000 in Scheme No 172.

Deva Swimming Institute Gurugram was chosen to oversee the operation, maintenance, and management of the under-construction international swimming pool in scheme number 94 Sector-F.

The board also decided to seek permission from the principal secretary to allocate a portion of the authority's actual income for various initiatives, including Corporate Social Responsibility (CSR) activities.

Furthermore, in accordance with the MP Town and Country Investment (Amendment) Act 2019, guidance will be sought from the government regarding the status of Scheme Number 171.

Regarding urban planning, the board resolved to secure necessary government permission, following the Madhya Pradesh Town and Village Investment Act (Amendment) 2019, for approving a mixed-use site for a high-rise building standing 90.00 meters tall at Startup Park in Sector-D of the Super Corridor.

Additionally, the board decided to enhance the contribution amount given to Ganeshotsav committees of closed textile mills to support the construction of Jhankis for the Ganesh immersion procession.

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..