TN signs 60 MoUs worth Rs 1,250 bn at investment conclave

06 Jul 2022 CW Team

The Tamil Nadu Government has signed 60 memorandums of understanding (MoUs) to bring in a cumulative investment of Rs 1,250 billion and 74,898 jobs.

At the ‘Tamil Nadu Investors' First Port of Call – Investment’ conclave, 53 facilitation MoUs were signed with an investment of Rs653.30 billion, offering employment opportunities to 58,478 people. The companies that signed the MoUs include Amplus (Petronas)i; Cubic PV and Larsen & Toubro.

In addition, seven MoUs for projects that have been sanctioned with structured packages of incentives were signed with an investment value of Rs 598.71 crore, providing 74,898 jobs. The firms include Lucas TVS, ACME Green Hydrogen and Tata Power.

Chief Minister M K Stalin, at conclave, inaugurated 12 projects with an investment of Rs 14.97 crore employing 7,050 persons. He also laid the foundation stone for 21 companies that brought investment worth Rs 222.52 crore and creating 17,654 jobs.

He also launched the Tamil Nadu Life Sciences Promotion Policy 2022 and Tamil Nadu R&D Policy 2022. To encourage FinTech adoption in the State, the Chief Minister launched the TECXPERIENCE program, a suite of technology services available for free or at a discounted price for a limited period.

Also Read
UP government to introduce a new MSME policy soon

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..