APM Terminals to Invest Rs 90 Billion in AP Ports

25 Aug 2025 CW Team

Andhra Pradesh’s efforts to position itself as the “Gateway of India’s East Coast” gained momentum on Thursday with the signing of a Memorandum of Understanding (MoU) between APM Terminals and the Andhra Pradesh Maritime Board. Under the agreement, APM Terminals, a subsidiary of AP Moller-Maersk, will invest Rs 90 billion to develop ports in the state.

The MoU, signed in the presence of Chief Minister Nara Chandrababu Naidu, outlines plans to develop and upgrade the ports of Ramayapatnam, Machilipatnam and Moolapeta. APM Terminals will install and manage modern terminals and cargo-handling systems, with the project expected to generate 10,000 direct jobs.

Speaking at the event, the Chief Minister said the initiative would strengthen Andhra Pradesh’s role in India’s logistics network and called on APM Terminals to ensure its services cater to the domestic cargo market as well. He emphasised that the state government’s vision is to build a “future economy” anchored around ports and logistics.

The Chief Minister has directed officials to prepare an integrated logistics plan positioning Andhra Pradesh as a logistics hub for the country. He also urged APM Terminals to assist in developing a comprehensive multimodal cargo transport strategy involving rail, road, inland waterways and air connectivity.

Naidu noted that several neighbouring states, including Telangana, Chhattisgarh, Maharashtra, Karnataka and parts of Odisha, depend on Andhra Pradesh’s ports. He said the logistics framework should aim to deliver cost-effective cargo movement for these regions. The state government’s broader plan also includes developing a port or harbour every 50 kilometres along its 1,053-kilometre coastline.

The signing ceremony was attended by Minister for Roads and Buildings BC Janardhan Reddy, Maritime Board Chairman Damacharla Satya, Industries Secretary Yuvaraj, senior officials and representatives from APM Terminals.

News source: The Hans India

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..