Adani, GMR, and Fairfax Vie for Puri Airport Development

02 May 2024 CW Team

Three major players in the infrastructure sector, namely Adani, GMR, and Fairfax, are in the preliminary stages of bidding to develop the Puri airport in Odisha. The development comes as part of the government's initiative to boost regional air connectivity and upgrade airport infrastructure across the country. With the bidding process underway, these companies are vying for the opportunity to undertake the development and modernization of Puri airport, catering to the growing demand for air travel in the region.

Adani Group, known for its significant presence in infrastructure projects including airports, ports, and logistics, is among the contenders for the project. GMR Group, a leading infrastructure company with a track record of managing and developing airports, is also in the fray. Fairfax India Holdings Corporation, an investment holding company, adds to the competition, bringing its expertise in infrastructure investments to the table. The development of Puri airport is expected to enhance connectivity to the famous pilgrimage town of Puri, a significant tourist destination in the state of Odisha. Moreover, it is anticipated to stimulate economic growth in the region by attracting more visitors and facilitating smoother transportation of goods and services. As the bidding process progresses, stakeholders await the outcome, eager to witness the transformation of Puri airport into a modern aviation hub.

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..