Siemens Bags Rs 41 Billion High-Speed Rail Contract

19 Jun 2025 CW Team

A consortium led by Siemens Limited, Siemens Mobility GmbH, and Dineshchandra R Agrawal Infracon Pvt Ltd has secured a Rs 41 billion contract from the National High Speed Rail Corporation for India’s first high-speed rail project between Mumbai and Ahmedabad. Siemens Limited’s share of the contract stands at Rs 12.3 billion.

The scope of work includes design, installation, and 15 years of maintenance for cutting-edge signalling and telecommunications technologies based on the European Train Control System (ETCS) Level 2 standard. These technologies will facilitate train operations at speeds of up to 350 km/h, enabling real-time supervision, seamless wireless communication, and centralised traffic management.

The Mumbai-Ahmedabad High-Speed Rail Corridor is a cornerstone of India’s National Rail Plan 2030, aimed at modernising the country's rail infrastructure and improving connectivity. Siemens' participation in the project underscores its commitment to the ‘Make in India’ initiative by delivering future-ready, sustainable mobility solutions.

The project is expected to be completed over a 54-month period, supporting India’s ambition to become a global leader in next-generation transport infrastructure.

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..