Goa’s 22km Canacona Stretch to be 4-Laned at Rs 10 Bn

06 Dec 2024 CW Team

The Union Ministry of Road Transport and Highways, through the Goa Public Works Department (PWD), has tendered the work to four-lane the remaining 22.1 km stretch of highway. The widening will cost over Rs 10 billion. Once completed, only the controversial stretch in Cuncolim will remain for four-laning on the Mumbai to Kanyakumari highway.

Union Minister Nitin Gadkari announced the project, which covers the stretch from Bendordem to the Canacona bypass and further to the Karnataka border at Polem. The stretch is part of the larger Mumbai-Kanyakumari four-lane corridor, crucial for South Goa’s connectivity.

The development will significantly reduce congestion, improve traffic flow, and address accident-prone zones along the route, which connects Margao, Cuncolim, and Canacona. The tender process will close on January 13, 2025.

The project will be implemented under the hybrid annuity model, with the government providing 40% of the construction cost and the remaining 60% paid over the concession period. Once completed, the focus will shift to the Cuncolim bypass, with land acquisition proceedings already underway.

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..