New Railway Terminal to Come Up Near Kempegowda Airport

29 Apr 2025 CW Team

Minister of State for Railways, V. Somanna, announced that a new railway terminal will be established near Kempegowda International Airport, Bengaluru, to enhance passenger convenience. The terminal is part of the Circular Railway project aimed at connecting Bengaluru’s expanding outskirts.

At a press conference, Somanna confirmed that the survey for the Circular Railway project has been completed. Under the plan, four new terminals will be developed, including the one near the airport. He emphasised that railway infrastructure needs rapid expansion due to Bengaluru’s growing population.

Highlighting government efforts, Somanna stated that after assuming office, he prioritised the completion of old railway projects. Annual railway funding for Karnataka has increased from Rs 8.33 billion to between Rs 70 billion and Rs 80 billion, expediting project execution. He urged the State government to cooperate fully to ensure development.

Responding to a query on railway ticket concessions for senior citizens and persons with disabilities, Somanna mentioned that a request has been made to reinstate them. Although ticket prices were reduced by 46 per cent during the COVID-19 pandemic, he pledged to discuss restoring the concessions with the Prime Minister.

Source: The Hindu Bureau

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..