Uttar Pradesh e-bus plant to launch in 12-13 months

29 May 2024 CW Team

Chairman Dheeraj Hinduja announced that Ashok Leyland's Uttar Pradesh plant would primarily focus on manufacturing electric buses, with operations slated to commence in 12-13 months. He stated that the UP plant would prioritise the production of electric buses, aiming for the plant's operational readiness within the mentioned timeframe.

Hinduja elaborated on the Uttar Pradesh market, expressing the government's keen interest in expanding electric vehicle (EV) buses within the state. He expressed confidence in their ability to provide better service by being present in the region.

Additionally, Hinduja mentioned that this plant would mark the company's initial venture into producing more EVs than internal combustion engine (ICE) products.

Regarding the plant's capacity, Hinduja indicated it would initially be a small-scale facility capable of producing 2,500 buses, with the potential to ramp up to 5,000 buses. He expressed assurance that meeting market demands wouldn't be an issue.

The company's net profit witnessed a significant increase of 16.73 percent to Rs 9.33 billion during the March quarter of FY24, driven by robust demand across its product lines in the light and medium commercial vehicle (L&MCV) segments.

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..