West Bengal, Telangana get road projects sanctions worth Rs 17.96 bn

17 Mar 2023 CW Team

The government is engaged in a project to build highways and roads throughout the nation. In this regard, Nitin Gadkari, the Union Minister of Road Transport and Highways, has given his approval for the construction of Telangana and West Bengal’s roads. The action will increase tourism and connectivity in the area.

A sizeable budget of Rs 8.12 billion has been sanctioned by the ministry for the project in West Bengal to widen and strengthen the current alignment of National Highway (NH) 116B. This large- scale project is a component of the year plan 2022-2023 and is anticipated to be carried out in the EPC mode.

The NH-116B is a crucial highway that runs 91 km through West Bengal, starting at Nandakumar and ending in Chandaneswar in the Balasore district of Odisha. In the West Bengal region, the proposed road project passes through important towns and well-known tourist hotspots like Ramnagar, Contai, Mandarmani, and Digha. Due in large part to the growth of Tajpur Port, this road's construction will efficiently meet the growing demand for accommodating heavy traffic on this route.

The government has given the go-ahead for the construction of a four-lane Access-Controlled Greenfield Highway Section on National Highway 163G in Telangana (Khammam to Vijayawada). Under the Economic Corridor, a new road will connect the villages of Brahmanapalli (K) and V. Venkatayapalem. The 29.92 kilometre long road (Package I) will cost Rs. 9.83 billion to construct. The Hybrid Annuity Model (HAM) will be used to build the new road.

By reducing travel times and operating expenses for vehicles, the project has generated significant gains that have aided in the economic growth of the surrounding areas. After completion, there would be better road connectivity between Maharashtra, Telangana, and Andhra Pradesh.

Additionally, it will use indirect routes to connect the ports of South India and Central India.

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..