Roads ministry seeks nod for Rs.22 trillion highway development plan

02 Jul 2024 CW Team

In a big push for infrastructure development, the road transport and highways ministry has sought Cabinet approval for Rs.22 trillion investments in a highway development plan covering around 30,600 km by 2031-32.

The plan, submitted to the finance ministry and shared with all key ministries last week, includes construction of 18,000 km of expressways and high-speed corridors, decongestion of 4,000 km national highways around cities and building of strategic and international roads.

Around 35 per cent of the investment will come from the private sector. The master plan for highway development has been proposed in two phases.

The Rs.22 trillion estimate is for projects to be taken up in the first phase. Once completed, the average travel speed of trucks on the national highway network will go up to 85 kmph from the current 47 kmph.

The average travel speed on highways is over 100 kmph in the US and 90 kmph in China. The government expects that increasing the average speed will help India achieve its target of reducing logistic costs to 9-10 percent of the GDP.

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..