TN Offers Up to Rs 2.57 Cr/Acre for Parandur Airport Land

01 Jul 2025 CW Team

To accelerate land acquisition for the Rs 20,000 crore Parandur greenfield airport near Chennai, the Tamil Nadu government has fixed land compensation rates ranging from Rs 35 lakh to Rs 2.57 crore per acre. These rates significantly exceed the guideline values in Kancheepuram and Sriperumbudur taluks, with a flat rate offered for 1,960.63 acres.

The move, sanctioned by a Government Order from Secretary V Arun Roy, includes 275% of the negotiable guideline value and a 25% incentive. It aims to fast-track acquisition and reduce resistance from landowners protesting the project.

For lands with higher demands or values, the Kancheepuram District Collector has been authorised to negotiate separately. For unwilling owners, the Tamil Nadu Acquisition of Land for Industrial Purposes Act, 1997, will apply, with compensation adjusted for structures, trees, and solatium.

The state aims to acquire 3,331.25 acres for the airport, which will serve as Chennai’s second international hub and a major infrastructure boost for the region.

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..