IFC to assist Tabreed in expanding its operations in India

18 Jan 2022 CW Team

The UAE's National Central Cooling Co, commonly known as Tabreed, has formed a joint venture with the World Bank Group's International Finance Corp to extend operations in India through a holding company.

Tabreed India's ownership will be moved to a Singapore-based holding company, with Tabreed retaining a 75% stake and IFC holding the remaining 25%.

Tabreed constructs, owns, and runs cooling infrastructure for real estate developers and other end customers, including data centres, cold chains, and urban skyscrapers.

The two partners will invest an initial $100 million in the new holding company, with a mandate to invest up to $400 million in projects over the following five years, aiming for a portfolio of 100,000 refrigeration tonnes serving industrial, commercial, and retail complexes.

The Burj Khalifa, the Sheikh Zayed Grand Mosque, and the Louvre Abu Dhabi are just a few of the renowned projects Tabreed has worked on.

Perla said the cooperation will help the firm expand its operations in India, allowing it to provide more energy-efficient, end-to-end cooling solutions for real estate expansions, new urban master plans, and redevelopments through outsourced utility models.

IFC and Tabreed have agreed on an investment eligibility criterion that, in addition to traditional financial standards, incorporates a strong environmental, social, and governance framework when establishing district energy projects, according to the business. With capital-intensive infrastructure requirements, project finance will be used to generate debt for particular projects.

The government is increasingly seeing district cooling as a requirement for urban master plans and smart city projects.

Image Source

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..