Madurai Airport Upgraded to Grade 2 Status

25 Jan 2025 CW Team

Madurai Airport has been elevated from APD grade 3 to grade 2 by the Airports Authority of India (AAI), marking a significant milestone in its development. The upgrade follows a rise in passenger and cargo traffic, coupled with the initiation of night operations two months ago. Madurai joins five other airports—Agartala, Bhopal, Surat, Udaipur, and Vijayawada—in receiving grade 2 status, which reflects a comprehensive review of increasing air traffic across the country. According to Airport Director P. Muthukumar, the new status allows Madurai Airport to independently undertake certain development projects without requiring approvals from the regional office. This autonomy is expected to streamline decision-making and speed up project execution. With grade 2 status, Madurai Airport is poised for significant growth. Enhanced infrastructure and upgraded facilities will improve passenger experience and operational efficiency while attracting more airlines. This expansion is also expected to support the proposed runway extension, further boosting the airport’s domestic and international connectivity.

(ET)

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..