SMPK Eyes Double-Digit Cargo Growth in FY25 After Uptick

23 May 2025 CW Team

Syama Prasad Mookerjee Port, Kolkata (SMPK), is targeting double-digit cargo growth in financial year 2025, supported by mechanisation projects at Haldia and Calcutta, night navigation support, and a revival in the steel sector following a safeguard duty to protect domestic industry.

The port handled 63.95 million tonnes of cargo in FY25, a decline of 3.75 per cent from the record 66.44 million tonnes in FY24. Meanwhile, the twelve government-controlled major ports collectively posted a 4.34 per cent rise in cargo. SMPK recorded a 45.32 per cent increase in cargo handling in April 2025 compared to the previous year.

SMPK granted concessions worth Rs 700 million in FY25, encouraging shippers to use the port more. Infrastructure upgrades include a coal ship-to-rail mechanisation project by Adani Ports at Haldia and additional container handling equipment at Calcutta. Century Ports will also revamp cargo operations at Kidderpore Docks in FY26.

The port will benefit from taking over inland water terminal operations between Haldia and Sahibganj in Jharkhand. The twelve per cent safeguard duty on steel is expected to boost local mills’ capacity and increase demand for coking coal imports, benefiting the port.

If SMPK achieves its target, it will be the first time since its establishment in 1870 that the port handles 70 million tonnes of cargo. Early signs are promising, with thermal coal movement resuming and coking coal nearly doubling to 1.78 million tonnes in April 2025.

Source:Sambit Saha

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..