Andhra Pradesh plans coastal highway and logistics hub in Tarluwada

13 Nov 2024 CW Team

The Andhra Pradesh government is moving forward with plans for a coastal highway connecting Vizag port’s container terminal to NH-16 near Bhogapuram, covering key areas like Rushikonda and Bheemili. Estimated to cost Rs 63 billion, the project’s primary expense lies in land acquisition. Though not yet included in Union government schemes, the state has submitted a proposal to the National Highways Authority of India (NHAI) to construct a six-lane highway for better connectivity between the port and the proposed greenfield international airport.

A detailed project report (DPR) is underway. The state has pledged significant support, committing Rs 12 billion for land acquisition, with the balance expected to come from the Ministry of Road Transport and Highways and NHAI. Additionally, the state will allocate 157 acres in Tarluwada for a multi-modal logistics park (MMLP), aimed at boosting goods movement and strengthening ties between Bhogapuram airport, Vizag port, and industrial hubs.

To facilitate the project, Andhra Pradesh will provide GST exemptions on key materials and waive fees for relocating APTransco utilities. The highway’s Rs 62.89 billion total cost includes Rs 19.74 billion for construction and Rs 43.15 billion for land. The proposed corridor will also foster connectivity with tourism sites, industrial zones, and social infrastructure. (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..