JSW Defence to Invest Rs 8 Billion in Telangana Drone Facility

24 Jan 2025 CW Team

JSW UAV Ltd, a fully-owned subsidiary of JSW Defence Pvt Ltd, has announced an investment of Rs 8 billion to set up an Unmanned Aerial Systems (UAS) manufacturing facility in Telangana.

The company has signed a Memorandum of Understanding (MoU) with the Telangana government to establish the facility. Additionally, JSW Defence has formed a strategic partnership with Shield AI, Inc., a prominent U.S. defence technology firm, to localise and manufacture Shield AI’s ‘V-BAT’ UAS in India.

The MoU was signed by Telangana Chief Minister K. Chandrashekar Rao and Parth Jindal of the JSW Group at the World Economic Forum in Davos, Switzerland.

This initiative follows the central government's move in September 2021 to extend the production-linked incentive scheme to drone manufacturing, which includes airframes, propulsion systems, power systems, batteries, and related components. The scheme aims to boost the growth of India’s domestic drone industry.

(ET)

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..