NHAI Exceeds Target, Achieves Rs 2,500 Billion Capex in FY25

07 Apr 2025 CW Team

The National Highways Authority of India (NHAI) has surpassed its construction and expenditure targets for FY 2024-25, marking a significant achievement in infrastructure development. NHAI constructed 5,614 km of National Highways, exceeding its target of 5,150 km for the year.

Capital expenditure for highway development hit a record high of over Rs 2,500 billion (provisional), surpassing the targeted Rs 2,400 billion. This represents a 21% increase from Rs 2,070 billion in FY 2023-24 and a 45% rise from Rs 1,730 billion in FY 2022-23. The capex includes both government budgetary support and NHAI’s internal resources.

In terms of asset monetisation, NHAI raised Rs 287.24 billion through three key mechanisms: Toll Operate Transfer (TOT), Infrastructure Investment Trust (InvIT), and Toll Securitisation. Notably, the highest-ever InvIT proceeds of Rs 177.38 billion were recorded in a single round during the year.

This robust performance underlines NHAI’s commitment to building world-class highway infrastructure, contributing significantly to economic growth and national development.

(PIB)

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..