GMRL Seeks Land And TOD Revenue To Fund Gurugram Metro Project

03 Jul 2025 CW Team

Gurugram Metro Rail Ltd (GMRL) plans to secure parcels of land along the Millennium City Centre–Cyber Hub corridor for commercial development and to claim a share of transit oriented development (TOD) proceeds, aiming to strengthen the scheme’s long term finances.

A senior official said GMRL has not yet been allotted any land for property ventures, but will ask the Haryana government to earmark suitable plots beside the alignment. Income from retail, offices and mixed use projects would supplement farebox receipts and bolster viability. GMRL will also request a portion of the uplift in land values generated by improved connectivity.

In March, the corporation met real estate developers and advisers to gauge how best to tap alternative revenues—station retail, naming rights, advertising and land value capture—drawing lessons from existing TOD projects in the city.

GMRL, a state special purpose vehicle, is delivering the Rs 54.52 billion Gurugram metro extension: a 28.5 kilometre elevated line with 27 stations linking Millennium City Centre and Cyber Hub.

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..