JDA to take NCRPB loan on behalf of Jaipur Metro

23 Dec 2022 CW Team

Months after the Finance Department gave its approval for the construction of Line 1C and Line 1D of the Jaipur Metro, the Urban Development and Housing (UDH) department has assigned the Jaipur Development Authority (JDA) to take loan on behalf of Jaipur Metro Rail Corporation Ltd (JMRCL) and fund the projects.

The civic authority is reportedly soon to apply for a loan from the National Capital Region Planning Board (NCRPB).

“In a recent meeting of the UDH Department, it was decided that JDA will take loan on behalf of JMRCL because the latter doesn’t have credibility to take a loan of such a huge amount.

“It is common with transport corporations, who often run at operational losses. JDA has this credibility because of its assets – mainly several land banks in its possession,” a senior UDH department official was quoted as saying.

In November 2022, the Finance Department gave clearance for construction of Line 1C of Jaipur Metro. This extension would connect a 2.26 km stretch from Badi to Transport Nagar on the Delhi-Agra Highway.

Earlier, in October 2022, the department had given approval for Line 1D of Jaipur Metro in which metro services will be extended for a stretch of 1.3 km from Mansarovar to Ajmer Road. Together these two projects would cost Rs 11.98 billion.

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..