TN SEIAA Grants Clearance for Tidel Parks in Madurai and Trichy

23 Jan 2025 CW Team

The Tamil Nadu State Environment Impact Assessment Authority (SEIAA) has approved the environmental clearance for the construction of Tidel parks in Madurai and Trichy, marking a significant step forward for these highly anticipated projects. Tenders for the developments have already been issued, and officials from TIDEL Park Limited have announced that foundation stones will be laid within the next month.

The Madurai Tidel Park will be located near the Mattuthavani bus stand, covering 9.97 acres with a built-up area of 567,000 sqft. With an estimated cost of Rs 2.89 billion, the park will feature a ground floor and 12 additional floors. Designed to support IT and IT-enabled services (ITES) companies, the facility will offer plug-and-play workspaces, high-speed internet, conference rooms, incubation centers, and recreational areas. Upon completion, the park is expected to create around 5,500 direct jobs, significantly enhancing Madurai's economic and technological landscape.

In Trichy, the Tidel Park will be developed near the integrated bus terminus at Panjappur, along the Trichy-Madurai national highway. The project, covering 11 acres and a built-up area of 550,000 sqft, is estimated to cost Rs 2.9 billion. Similar to the Madurai project, it will offer advanced infrastructure for IT and ITES companies and is expected to generate about 5,000 jobs, reinforcing Trichy's role as an emerging industrial hub.

Both projects are being led by Tidel Park Limited, a Tamil Nadu government initiative. After a thorough review process, SEIAA has granted the necessary environmental clearance. A senior official from Tidel Park Limited stated that Chief Minister M.K. Stalin is expected to lay the foundation stones for both projects, with construction set to begin within two months.

(ET)

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..