Xi Jinping Opens Peru Megaport

18 Nov 2024 CW Team

China's President Xi Jinping inaugurated the Chancay Port in Peru, a landmark project under China's Belt and Road Initiative (BRI). Funded by China, this megaport is poised to become a critical maritime gateway linking South America to global trade networks, particularly China. The port, strategically located near Lima, is set to enhance trade efficiency, handling massive cargo volumes with state-of-the-art facilities.

With its completion, the Chancay Port reinforces China's commitment to infrastructure investments in South America, solidifying its geopolitical and economic influence in the region. As part of China's broader BRI framework, the port is expected to boost economic ties between Peru and China, streamlining exports of Peruvian commodities and imports of Chinese goods.

The project has also drawn attention to China's expanding footprint in global maritime logistics, showcasing its ability to reshape trade routes and foster international partnerships. Critics, however, have raised concerns about potential debt dependence and the long-term implications for Peru's sovereignty. The port aims to operationalize soon, setting a precedent for future BRI-backed endeavors.

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..