IRHPL to Run Retail at BKC and Airport T2 Metro Stations

02 Jul 2025 CW Team

India Retails & Hospitality Private Ltd (IRHPL) has signed a memorandum of understanding with Mumbai Metro Rail Corporation to act as master concessionaire for commercial operations at two flagship stations on the underground Metro Line 3 corridor: Bandra Kurla Complex and Mumbai Airport T2.

The agreement will see IRHPL convert the concourse and platform areas into vibrant retail hubs, offering high quality shops, quick service food counters, premium lounges and experiential zones modelled on airport standards. Only the 22 kilometre stretch from Aarey to Worli is currently open, but the concession positions IRHPL for further opportunities as the full line is activated.

Chief Executive Naresh Sharma said the deal marks the group’s first expansion beyond airports and taps the growing potential of India’s metro networks. MMRCL Planning Director Ramana Rachaprolu called the partnership “a turning point in urban transit”, adding that IRHPL’s airport pedigree would deliver a fresher, more functional passenger environment.

Both parties expect the initiative to redefine perceptions of metro stations by integrating retail, dining and customer services under one roof, creating convenient destinations for commuters and visitors alike.

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..