INS Nistar Commissioned, Boosting India’s Indigenous Naval Capabilities

21 Jul 2025 CW Team

INS Nistar, the first indigenously designed and constructed Diving Support Vessel, was commissioned into the Indian Navy in Visakhapatnam on 18 July 2025, in the presence of Defence Minister Shri Sanjay Seth. This vessel is the first of two Diving Support Vessels being built by Hindustan Shipyard Limited and is capable of undertaking complex deep-sea saturation diving and rescue operations—a specialised capability possessed by select navies worldwide.

In his address, Shri Seth praised the Indian Navy and the domestic shipbuilding industry for their consistent efforts in enhancing indigenous content in warships through homegrown solutions and innovative technologies. He stated that INS Nistar’s commissioning strengthens the Navy’s role as the ‘First Responder’ and ‘Preferred Security Partner’ in the region. The indigenous shipbuilding sector remains a cornerstone of the Government’s ‘Aatmanirbhar Bharat’ initiative, with all 57 new warships currently under construction being built domestically.

Shri Sanjay Seth expressed confidence in the Armed Forces’ capabilities and India’s resolve to confront any adversarial misadventure. He described INS Nistar’s induction as a significant technological leap and a milestone in India’s shipbuilding journey towards a future-ready naval force.

Chief of Naval Staff Admiral Dinesh K Tripathi highlighted INS Nistar not only as a technological asset but as a vital operational enabler. “Nistar will provide critical submarine rescue support to the Indian Navy as well as regional partners, positioning India as a ‘Preferred Submarine Rescue Partner’ in the region. The commissioning of Nistar demonstrates the growing maturity and capability of India’s maritime industrial base and exemplifies Aatmanirbhar Bharat,” he said.

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..