PMC Secures Rs.1.39 Bn for Katraj-Kondhwa Road Land Acquisition

05 Jul 2024 CW Team

The Pune Municipal Corporation (PMC) has finally secured ?1.39 billion for land acquisition for the much-anticipated Katraj-Kondhwa Road project. This funding marks a significant step forward in addressing the traffic congestion and improving connectivity in the area. The Katraj-Kondhwa Road project has been long delayed due to land acquisition issues, which have now been addressed with the sanctioned funds. The road is a crucial link that aims to decongest the city's traffic and provide a smoother transit route for commuters travelling between Katraj and Kondhwa. The funds will be utilised to acquire the necessary land parcels, enabling the expansion and development of the road. This will involve widening the existing road, constructing new lanes, and enhancing the overall infrastructure to handle the increasing traffic demands. PMC officials have expressed optimism about the progress of the project, highlighting that the allocated funds will expedite the land acquisition process. This development is expected to resolve one of the major bottlenecks that have hindered the project's timely completion. Local residents and commuters have long awaited the improvement of the Katraj-Kondhwa Road, as it plays a vital role in connecting several residential and commercial areas. The upgraded road will not only ease traffic congestion but also reduce travel time and enhance safety for motorists and pedestrians alike.

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..