Afcons Infra Surges on Rs 10.06 Billion Bhopal Metro Contract

17 Dec 2024 CW Team

Afcons Infrastructure’s shares rose 4.04% to Rs 543.75 after securing a Letter of Acceptance (LoA) from the Madhya Pradesh Metro Rail Company for a Rs 10.06 billion contract under the Bhopal Metro Rail Project. The awarded contract, known as Package BH-05, involves the design and construction of an elevated viaduct and 13 elevated metro stations. These stations will link Bhadbhada Chauraha to Ratnagiri Tiraha on the Blue Line, excluding an elevated passenger interchange station. The project also includes access to the depot along specified chainages. The project is scheduled for completion within 36 months. Afcons Infrastructure, the flagship engineering and construction company of the Shapoorji Pallonji Group, has a six-decade legacy of executing complex EPC projects in India and abroad. The company recently reported a 30% jump in consolidated net profit to Rs 1.35 billion in Q2 FY25, despite an 11.22% decline in revenue from operations, which stood at Rs 2,959.89 crore, compared to Q2 FY24. Afcons shares reached an intraday high of Rs 564.40, marking a record peak during today’s trading session. (Business Standard)

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..