Maharashtra govt commits Rs 300 cr for Nashik outer ring road

02 Feb 2022 CW Team

The Maharashtra government has assured the Nashik Municipal Corporation (NMC) that it will provide Rs 300 crore for the construction of a 25 km outer ring road on the city's outskirts, according to municipal commissioner Kailas Jadhav.

The proposed outer ring road, which will be 24 m wide, will help to relieve traffic congestion in central city areas and allow for smooth vehicle movement on the outskirts. Jadhav told the media that he discussed the proposal with Eknath Shinde, the state's urban development minister, who promised to fund the outer ring road project.

According to Jadhav, the city's rapid growth requires the construction of an outer ring road to improve connectivity with the surrounding areas.

Jadhav said that since traffic will be diverted through the outer ring roads, the proposed ring road will alleviate traffic congestion in the central city.The road will start in Adgaon and lead to other areas on the outskirts of the city.

The NMC administration has already issued a separate Expression of Interest (Eol) for joint ventures (JV) to develop an IT Park and a logistic park in the city, where the landowners have a minimum of 50 acres of land.

Within a one km radius on both sides of the proposed Surat-Chennai highway, the Logistic Park will be built. Mayor Satish Kulkarni, who recently approved the project during the NMC's general body meeting, is the brains behind the proposed IT park.

The proposed IT Park will be built on 15 acres in the Adgaon area of the city, according to the civic body.

Image Source

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..