Paras Railtech Wins Rs 1.22 Billion Mumbai Metro Contract

18 Aug 2025 CW Team

Paras Railtech Private Limited has received the Letter of Acceptance (LoA) for the second ballastless track contract, Package CA-273, of Mumbai Metro Line 2B (Yellow Line). The 23.6-km corridor runs between Andheri West and Mandale.

The Mumbai Metropolitan Region Development Authority (MMRDA) had floated the tender in March 2025 with an estimated value of Rs 1.22 billion. Technical bids were opened on 22 April, with three firms submitting offers. Following technical evaluation on 14 May, two bids were rejected during the financial assessment. Paras Railtech was declared the lowest bidder and on 11 August 2025 was awarded the LoA.

According to the financial bids, Paras Railtech quoted Rs 999 million, Purvakriti Infrastructure Pvt Ltd Rs 189 million, and Rahee Infratech Limited Rs 120 million.

The contract duration is 600 days, during which Paras Railtech will be responsible for the design, supply, installation, testing and commissioning of standard gauge ballastless track. The alignment will run from Andheri West Station (excluding station chainage 34+035.873) to ITO Station in Bandra-Kurla Complex (including station chainage 44+857.698).

This package marks another critical step in advancing Line 2B, which is expected to enhance connectivity across Mumbai’s western and central corridors.

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..