Newsmakers

01 May 2025 CW Team

Toward Transparent Governance

Sanjeev Jaiswal, IAS, Vice President and Chief Executive Officer of MHADA, recently reviewed the progress of major redevelopment projects like Abhyudayanagar, Gandhinagar, and Patra Chawl under the 100-day action plan. He directed the initiation of tenders for Bandra Reclamation, Adarsh Nagar, and Worli colonies. To boost transparency and reduce RTI requests, MHADA will upload over 15 crore official documents online, while safeguarding sensitive information. He announced that eligibility for over one lakh mill workers under the Girni Kamgar scheme has been finalised. Under his leadership, MHADA is advancing transparent governance, efficient housing delivery, and better public service across Maharashtra.

Powering the East

Sharad Mahendra, Joint Managing Director at JSW Energy, is steering the company’s largest greenfield investment— a Rs 160 billion, 1,600 MW ultra-supercritical thermal power plant in Salboni, West Bengal. The project marks JSW’s entry into eastern India and is among the most cost-efficient in the country, while creating thousands of jobs and boosting regional industrialisation.

Infrastructure Push for Mmr

Harsh Baweja, Director (Finance), REC, formalised a landmark `Rs 1 trillion MoU with MMRDA to finance infrastructure in the Mumbai Metropolitan Region. Signed during IGF Mumbai NXT 25, the commitment underscores REC’s pivotal role in supporting urban mobility, housing, and essential infrastructure over the next five years.

Delivering India’s Largest Ipp Wind Order

Kailash Tarachandani, Group CEO – Renewables Business, Inox Wind, announced the receipt of a 990 MW turnkey wind project order from Purvah Green, a CESC subsidiary. The project, spread across multiple locations, will begin phased commissioning in FY26 and marks a significant milestone, further deepening the company’s relationship with its esteemed customer.

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..