CG Power Secures Rs 4.50 Bn Order for Vande Bharat Railway Products

13 Mar 2025 CW Team

CG Power and Industrial Solutions, a Mumbai-based engineering conglomerate, has received a substantial order from Kinet Railway Solutions for the supply and servicing of railway products. The contract includes propulsion kits with motors, transformers, and other essential components for the production of 10 Vande Bharat trainsets.

The initial purchase order for these railway products is valued between Rs 4 billion to Rs 4.50 billion. Additionally, the company has entered into a 35-year service agreement as part of the long-term supply contract, reinforcing its commitment to providing continued support for railway operations.

With a history spanning over 86 years in the railway sector, CG Power has established itself as a key player in railway propulsion systems, traction machines, signalling products, and other critical components. The company has also expanded into the Train Collision Avoidance System (TCAS) or KAVACH domain, enhancing safety solutions for railway networks.

Since becoming a part of the Murugappa Group in November 2020, CG Power has diversified its operations across various sectors, including agriculture, engineering, and financial services. The company operates 18 manufacturing plants in India and Sweden, producing a wide range of industrial and power sector equipment.

Employing around 3,113 personnel, CG Power reported consolidated revenues of Rs 80.46 billion in FY24. Its on-going projects and strategic investments highlight its role in advancing India’s railway infrastructure and strengthening its position in the global engineering sector.

News source: CNBCTV18

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..