Schloss To Build Leela Hotel in Mumbai's BKC

05 Jun 2025 CW Team

Schloss Bangalore, the operator of premium hotels under 'The Leela' brand, has secured land allotment for a new 250-key luxury hotel in Mumbai’s Bandra Kurla Complex (BKC). The announcement was made via stock exchange filing on 3 June following approval from the Mumbai Metropolitan Region Development Authority (MMRDA).

The project site, measuring 8,412 square metres, has been leased to Schloss Bangalore and its consortium partners for a period of 80 years. The total lease premium amounts to over Rs 13 billion. According to the terms, 25 per cent of the lease amount must be paid within two months of the allotment offer, with the remaining 75 per cent payable over the following ten months. Possession of the land will be granted only upon full payment.

Schloss Bangalore had submitted its bid for the project in February this year. The new hotel is expected to bolster the company’s presence in India’s commercial capital, targeting high-end business and luxury travellers.

On 2 June, Schloss Bangalore made its stock market debut on the BSE at Rs 406.50 per share, reflecting a 6.55 per cent discount to its IPO price of Rs 435. Despite the initial weakness, the stock quickly rebounded, rising nearly 7 per cent to close just below its issue price at Rs 434. At closing, the company’s market capitalisation stood at over Rs 145 billion.

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..