MMRDA Issues Tender for Ghodbunder Road Expansion

30 Jul 2024 CW Team

In a significant step to tackle severe traffic congestion on Ghodbunder Road in Thane, the Mumbai Metropolitan Region Development Authority (MMRDA) has issued a tender for an extensive road expansion project. This ambitious initiative, approved earlier this month during a meeting chaired by Chief Minister Eknath Shinde, aims to mitigate the extensive gridlock faced by commuters.

The proposed development involves constructing a 15.5-kilometre stretch from Gaimukh in Thane to Bhayandar. This project will feature a dual approach: an underground tunnel from Gaimukh to the Fountain Hotel Junction and an elevated road from the Fountain Hotel Junction to Bhayandar. The total projected cost is approximately Rs 200 billion, designed to accommodate the increasing volume of traffic.

Prospective contractors are required to submit an earnest money deposit of Rs 411.4 million for the tunnel construction and Rs 284.8 million for the elevated road work. Each segment of the project is expected to be completed within four-and-a-half years, including a two-year defect liability period.

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..