NCLT approves composite scheme of APSEZ for SRCPL acquisition

02 Feb 2022 CW Team

Adani Ports and Special Economic Zone (APSEZ) told the media that the company's composite scheme for the acquisition of Sarguja Rail Corridor Private Limited (SRCPL) had been approved by the National Company Law Tribunal (NCLT).

According to a statement by APSEZ, the company will consolidate all rail assets under Adani Tracks Management Services Private Limited.

The consolidation will allow APSEZ, targeting 2,000 km of track length by 2025, to participate in the Indian Railways Public-Private Partnership (PPP) without competing with a similar business in the Adani portfolio, which is in full alignment with the equity interest of minority stakeholders.

As per a statement, after the consolidation, SRCPL will add Rs 450 crore or 5% of APSEZ's total Earnings Before Interest Tax, Depreciation and Amortisation (EBITDA).

Image Source

Also read: APSEZ seeks environmental nod to boost Gangavaram port capacity

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..