Smart Kakinada project stagnates despite funding

07 Nov 2024 CW Team

Central government has sanctioned Rs 4.90 billion out of which Rs 4.81 billion have been released by Kakinada Smart City. The state government had to release Rs 4.88 billion of its share, but it has provided only Rs 3.01 billion. Utilising the available funds, the Kakinada Smart City Corporation Limited, floated in 2016, took up smart city works. Civil engineering expert and Bharatiya Janata Party Kakinada Urban convener G. Satyanarayana says the state government led by Telugu Desam or YSRC, Kakinada Municipal Corporation and Kakinada Smart City Corporation have totally failed in utilising funds for developing Kakinada as Smart City. “There is no proper drainage plan or proper infrastructure in the city. Smart city funds have been spent on only laying roads on existing roads. Officials are unable to supply quality drinking water. Effluent treatment, sewage treatment and solid waste management plans had been the components of the Smart City concept. But these have not been fulfilled,” Satyanarayana pointed out. Citizens’ Initiative secretary D. Subrahmanyam said that due to malfunctioning of CCTV cameras, police are unable to detect chain snatchers, vehicle thieves and others. Quality of road works has not been ensured. He suggested that the central government probe the Smart City works. Officials said they have recently laid stone for establishment of a bio-methane unit using the city’s wet waste. They said after release of funds, several Smart City works can be initiated.

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..