L&T to Build Hospitals Worth Rs 24 Billion for Apollo

12 Jun 2025 CW Team

Larsen & Toubro’s Buildings & Factories (B&F) division is set to enter into contracts worth approximately Rs 24 billion with Apollo Hospitals Enterprise Ltd for the construction of hospital buildings across various locations in India. The proposal will be placed before shareholders at L&T’s 80th Annual General Meeting on 17 June.

The contracts, which are expected to span durations ranging from one and a half to three years depending on individual project requirements, will cater to Apollo’s specialised infrastructure needs. According to the AGM notice, the initiative aims to not only expand L&T’s revenue base but also enhance long-term value creation for shareholders.

The B&F vertical of L&T handles engineering, procurement, and construction (EPC) for all types of building and factory structures. In the healthcare segment, it offers comprehensive capabilities, including design, construction, procurement, and commissioning of hospital facilities and medical equipment.

While both L&T and Apollo Hospitals declined to comment beyond the AGM notice, the collaboration marks a significant move in strengthening India's healthcare infrastructure through private sector partnerships.

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..