GMR Takes Over Cargo Terminal Operations at IGI Airport

20 May 2025 CW Team

GMR Airports Limited has been awarded the concession to operate, maintain and manage the existing cargo terminal at Indira Gandhi International Airport, New Delhi. The move follows the immediate termination of Celebi’s agreement by Delhi International Airport Limited, a GMR subsidiary.

The Ministry of Civil Aviation issued a directive on May fifteen, revoking the security clearance of Celebi group entities in India due to national security concerns. In compliance, DIAL cancelled Celebi’s concession and reassigned the responsibility to GMR, which already holds the required security clearance as a regulated agent.

This transaction qualifies as a related party transaction but has been carried out on an arm’s length basis. The company confirmed that there is no direct interest from promoters or group companies, aside from indirect shareholding in both GMR Airports and DIAL.

GMR stated this step ensures uninterrupted cargo operations at the airport while complying with the government’s directive. The company has officially notified stock exchanges, including BSE and NSE, about the development under Securities and Exchange Board of India regulations.

Source:GMR Airports Limited

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..