Noida metro Aqua Line gets green signal from PIB

14 Dec 2022 CW Team

The proposed extension of the Aqua Line in Greater Noida from Sector 51 to Knowledge Park V has received the approval of the Public Investment Board (PIB) and can now be placed before the Union Cabinet, whose clearance will allow work to begin on the project.

This is the first of the two proposed extensions of the Aqua Line, the other being the expressway arm from Sector 142 to Botanical Garden, the alignment and other aspects of which are yet to be finalised.

In a statement last week, the Noida Metro Rail Corporation (NMRC) said the PIB clearance came last month at a meeting chaired by the finance and expenditure secretaries and attended by the secretary of the ministry of housing and urban affairs as well as Noida Authority chief executive officer and NMRC managing director Ritu Maheshwari.

The extension, which has already been approved by the state government, will cover 14.9 km over nine stations and will be built at a cost of Rs 21.97 billion. “This will provide a fast, reliable and environment-friendly public transportation system in the area,” the NMRC stated.

This corridor will be built in two phases. The first phase of 9.6 km will have five stations, while in the second phase of 5.8 km, four stations will be built. NMRC will build this corridor itself, unlike the main Aqua Line, which was developed by DMRC. An NMRC official said the detailed project report (DPR) of the Knowledge Park V extension route will be sent to the Cabinet for final approval.

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..