Bengaluru’s Satellite town ring road to be ready by Dec

25 Jul 2023 CW Team

The long-pending 288 km-long Bengaluru Satellite Town Ring Road (STRR, NH 948A), designed to tackle traffic congestion in silicon city, finally seems to be creaking towards closure.

The National Highways Authority of India (NHAI), responsible for executing the Rs 17,000-crore corridor, told that the project will be completed by December 2025. Initially proposed in 2005, the project gained momentum after it was incorporated into the Centre's Bharatmala Pariyojana in 2017. In June 2022, Prime Minister Narendra Modi laid the foundation stone for the STRR, which is being executed under the Hybrid Annuity Model (HAM).

About 85 percent of the road — 243 km — runs through Karnataka, and the remaining 45 km passes through Tamil Nadu. The four-six-lane, access-controlled expressway will link 12 satellite towns in Karnataka: Dobbaspet, Doddaballapur, Devanahalli, Sulibele, Hoskote, Sarjapur, Attibele, Anekal, Tattekere, Kanakapura, Ramanagara, Hosur, and Magadi. An access-controlled expressway has limited and designated entry and exit points to ensure rapid movement.

According to NHAI officials, the project's construction is divided into nine sections, and work is already underway in four. The contracts for the rest are expected to be awarded by December 2023. The first 80 km section is expected to be inaugurated by December 2023.

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..