IPGL Nears Agreement for Full Chabahar Port Operation

20 Nov 2023 CW Team

India Ports Global Limited (IPGL) is on the verge of finalising an agreement with the Iranian Port Authority, marking a significant stride toward commencing full-fledged operations at the Chabahar Port. This impending collaboration underlines India's commitment to leveraging the strategic Chabahar Port, situated in southeastern Iran, as a vital gateway for trade and connectivity.

The agreement, anticipated to be formalised shortly, signifies the culmination of extensive negotiations between IPGL and the Iranian Port Authority. Once established, the partnership is poised to unlock new avenues for trade and economic cooperation between India, Iran, and the broader region.

The Chabahar Port holds strategic importance, providing India with a direct sea route to Afghanistan and Central Asia, bypassing Pakistan. The initiation of full-fledged operations at Chabahar is expected to bolster India's maritime capabilities and enhance its reach in the region, fostering economic growth and geopolitical ties.

IPGL's involvement in the Chabahar Port aligns with India's larger vision of developing and diversifying its maritime infrastructure. This collaboration is anticipated to facilitate smoother logistics, reducing transit times and costs associated with trade, while also promoting regional stability through enhanced connectivity.

As IPGL prepares to formalise its agreement with the Iranian Port Authority, the impending commencement of full-fledged operations at Chabahar Port signifies a landmark development in India's maritime strategy. This strategic partnership is poised to elevate India's position in the evolving geopolitical landscape and contribute to the seamless flow of goods and commerce in the region.

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..