Rs 4,030 Million Released for Sagarmala Projects in TN

23 Jul 2025 CW Team

The Sagarmala Scheme, a flagship Central Sector initiative by the Ministry of Ports, Shipping and Waterways, aims to boost port-led development in India by leveraging the 7,500 km coastline, 14,500 km of navigable waterways, and the country’s strategic location on global maritime trade routes.

Under the scheme, the Ministry provides financial assistance to state governments for port infrastructure, coastal berth projects, road and rail links, fish harbours, cruise terminals, Ro-Pax ferry services, skill development, and coastal community upliftment.

In Tamil Nadu, 18 projects have been sanctioned under Sagarmala, with a total outlay of around Rs 9,090 million. Of this, approximately Rs 4,030 million has already been released.

Notable completed projects include:

Coastal cargo berth at Chennai Port (Rs 800 million project cost, Rs 300 million sanctioned and released)
Fishing harbours at Poompuhar (Rs 1,480 million), Mookaiyur (Rs 1,139 million), Kuthakal (Rs 740 million), and Chinnamuttom (Rs 740 million)
National Technology Centre for Ports, Waterways and Coasts at IIT Chennai (Rs 770.3 million)
Modern elevated steel bridge in Kanyakumari for tourist access (Rs 310.5 million)

Other key initiatives include the truck terminal at V.O. Chidambaranar Port (Rs 250 million), dredging works (Rs 980 million), skill development programmes, and tourist berthing facilities at Agni Theertham.

Ongoing projects include Phase II of the Coastal Districts Skill Development Programme and the construction of berthing facilities in Rameswaram.

This information was shared by Shri Bhupathiraju Srinivasa Varma, Minister of State for Steel and Heavy Industries, in a written reply to the Lok Sabha.

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..