BEML, DCIL Sign Rs 3.5 Billion Maritime Partnership

05 Nov 2025 CW Team

State-owned BEML announced on Friday that it has entered into multiple agreements with Dredging Corporation of India Limited (DCIL) to jointly design and construct dredgers and supply indigenous spare parts.

The two companies signed three memoranda of understanding (MoUs) worth around Rs 3.5 billion during India Maritime Week 2025 in Mumbai, marking a significant step in advancing India’s maritime and inland waterway capabilities.

According to BEML, the MoUs cover a wide range of collaborative initiatives, including the design and construction of inland cutter suction dredgers, the development of cable dredgers and long-reach excavators, and the creation of customised dredging solutions for reservoir de-siltation and inland waterway development. The agreements also include the supply of locally manufactured spares for DCIL’s existing dredger fleet.

BEML Chairman and Managing Director Shantanu Roy stated, “Together with DCIL, we are committed to enhancing self-reliance and driving the nation’s maritime growth story forward.”

Under this partnership, BEML will lead the supply, maintenance, and lifecycle support of dredgers and associated equipment, while DCIL will manage deployment and operational execution across key maritime and inland waterway projects.

BEML, which functions under the administrative control of the Ministry of Defence, operates across three major sectors — construction and mining, rail and metro, and defence and aerospace. The new collaboration reinforces its growing role in supporting India’s ‘Aatmanirbhar Bharat’ (self-reliant India) initiative within the maritime domain.

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..