India signs Rs 1,855 cr loan agreement with World Bank for dam infra

05 Aug 2021 CW Team

The government representatives and the Central Water Commission (CWC), including ten participating states, are also part of the loan pact.

The Rs 1,855 crore loan is for the long-term safety of the dam programme and enhancing the performance and safety of existing dams over several states in India.

According to the media reports, the Second Dam Rehabilitation and Improvement Project (DRIP-2) would strengthen the safety of the dam by building security guidelines, introducing global experience, and innovative technologies.

Under this project, another huge innovation envisioned is likely to modify damn safety management, launching a risk-based strategy to dam asset management.

It would effectively benefit from allocating financial resources towards the priority of dam safety requirements. The project would include almost 120 dams over Maharashtra, Manipur, Meghalaya, Odisha, Rajasthan, Chhattisgarh, Gujarat, Kerala, Madhya Pradesh, Tamil Nadu, and at the national level via the CWC.

During the execution, the addition of other states or agencies could take place in the project. The Ministry of Finance, the Department of Economic Affairs, and the Additional Secretary signed the loan agreement on behalf of the central government.

The World Bank assistance for dam safety in India comprises the recently finished DRIP-1. This project improved the security and sustainable production of 223 dams over six states and one central agency.

DRIP-2 would support integrated reservoir services and flood forecasting systems. It would add to build climate resilience, implementation, and preparation of emergency operation plans to allow vulnerable downstream communities to be ready and improve resilience against the expected negative risks and impacts of climate change.

It would also offer the piloting of supplemental income generation schemes like floating solar panels.

Image Source

The government of India announced that it signed nearly a Rs 1,855 crore loan agreement with the World Bank, and the funds would be utilised to construct the current dam infrastructure safe in the country. The government representatives and the Central Water Commission (CWC), including ten participating states, are also part of the loan pact. The Rs 1,855 crore loan is for the long-term safety of the dam programme and enhancing the performance and safety of existing dams over several states in India. According to the media reports, the Second Dam Rehabilitation and Improvement Project (DRIP-2) would strengthen the safety of the dam by building security guidelines, introducing global experience, and innovative technologies. Under this project, another huge innovation envisioned is likely to modify damn safety management, launching a risk-based strategy to dam asset management. It would effectively benefit from allocating financial resources towards the priority of dam safety requirements. The project would include almost 120 dams over Maharashtra, Manipur, Meghalaya, Odisha, Rajasthan, Chhattisgarh, Gujarat, Kerala, Madhya Pradesh, Tamil Nadu, and at the national level via the CWC. During the execution, the addition of other states or agencies could take place in the project. The Ministry of Finance, the Department of Economic Affairs, and the Additional Secretary signed the loan agreement on behalf of the central government. The World Bank assistance for dam safety in India comprises the recently finished DRIP-1. This project improved the security and sustainable production of 223 dams over six states and one central agency. DRIP-2 would support integrated reservoir services and flood forecasting systems. It would add to build climate resilience, implementation, and preparation of emergency operation plans to allow vulnerable downstream communities to be ready and improve resilience against the expected negative risks and impacts of climate change. It would also offer the piloting of supplemental income generation schemes like floating solar panels. Image Source

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..

Infrastructure Energy

05 Nov 2025

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..

Infrastructure Urban

05 Nov 2025

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..