Panvel-Karjat suburban corridor nears completion by Dec 2025

05 Dec 2023 CW Team

The completion of the double line project, aimed at establishing a new suburban corridor in the Mumbai region between Panvel and Karjat, is projected to be achieved by December 2025. Currently, the on-going construction activities on this corridor, managed by MRVC and reaching 46% completion, were inspected by Roop Narayan Sunkar, a railway board member overseeing infrastructure.

With a sanctioned budget of Rs 8.12 billion, the project encompasses the construction of three tunnels and two rail flyovers. Land acquisition for the project has extended to over 57 hectares of private land and 4.4 hectares of government land. Additionally, the project involves forest land, for which permission was granted by the chief conservator for forest in Thane in August 2022. Work has already commenced in the forested area. The inspections were conducted in collaboration with MRVC Chairman and Managing Director, Subhash Chand Gupta.

MRVC has initiated construction activities for station buildings at Panvel, Chikhale, Mohape, Chowk, and Karjat stations, along with railway flyovers in Panvel and Karjat, and the development of three tunnels, according to an MRVC official. The new corridor is set to connect Navi Mumbai with the Raigad district of the Mumbai Metropolitan Region, serving as a catalyst for the development of Panvel, Karjat, and the proposed Navi Mumbai Airport Influence Notified Area. Furthermore, it will facilitate the operation of local trains between Mumbai and Karjat via Panvel.

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..