MSRDC Realigns Pune Ring Road, Saves Rs 8 Bn

09 May 2025 CW Team

The Maharashtra State Road Development Corporation (MSRDC) has revised the alignment of the Pune Ring Road near Kasar Amboli village, resulting in a projected cost saving of approximately Rs 8 billion. This decision was made to avoid the demolition of over 300 residential units, which would have necessitated significant compensation payouts.

The original route of the Pune Ring Road intersected a substantial housing project in Kasar Amboli. Residents of this development demanded compensation amounts up to four times the market value of their properties, leading to potential expenses nearing Rs 8 billion. To circumvent these costs and potential legal challenges, MSRDC proposed an alternative alignment that bypasses the residential area.

This realignment is part of the broader 138 km Pune Ring Road project, designed to enhance connectivity and alleviate traffic congestion in Pune and Pimpri-Chinchwad. The project is divided into two phases: the eastern segment spans 74.08 km from Urse to Shivare, while the western segment covers 64.45 km, connecting Shivare back to Urse. The total estimated cost of the project is Rs 158.57 billion.

MSRDC aims to complete land acquisition by March 2025, with full operations scheduled to commence by September 2027. The revised alignment near Kasar Amboli is expected to facilitate smoother progress by minimizing legal disputes and reducing financial burdens.

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..