CS Dulloo Reviews Rs 72.15 Bn Smart City Projects in Jammu, Srinagar

23 Apr 2025 CW Team

Officials provided updates, informing that 161 projects worth Rs 36.34 billion are currently being implemented in Srinagar, while 127 projects with a total cost of Rs 35.81 billion are in progress in Jammu. The Srinagar Smart City projects include heritage restoration, mobility enhancement, public infrastructure, and riverfront development. Ongoing works valued at Rs 2.03 billion include the Traditional Souq Market and Craft Centre at Batamaloo, along with the Jhelum Waterfront Development Phase-2. In Jammu, Rs 5.29 billion worth of work is being carried out on projects such as the Tawi Riverfront Development and an oceanarium at Bagh-e-Bahu.

Under the PM eBus Sewa scheme, approval has been granted for 100 AC eBuses for both Jammu and Srinagar. The Government of India has committed full funding for behind-the-meter infrastructure and up to Rs 200 million for depots. DPRs for depot infrastructure and substations in both cities have been approved by the Central Steering Committee.

The meeting also addressed the progress of PMAY-Urban. Under the BLC vertical, 27,439 houses have been completed, with an expenditure of Rs 4.96 billion, including Rs 400 million in central assistance that was released during February–March 2025. J&K has signed a Memorandum of Agreement with MoHUA to extend PMAY-U 2.0 to all 78 urban local bodies. A digital survey app and verification committees are being employed to identify and confirm eligible houseless beneficiaries. Under the BLC and AHP components, beneficiaries will receive Rs 2.25 lakh from the Centre and Rs 0.25 lakh from the Union Territory.

News source: Kashmir Life

The Chief Secretary of Jammu and Kashmir, Atal Dulloo, conducted a review of the implementation of flagship urban development schemes across the Union Territory today. During the review, he oversaw projects valued at over Rs 72 billion under the Smart Cities Mission in Srinagar and Jammu, as well as several ongoing schemes such as AMRUT 2.0, PMAY-Urban, and SBM 2.0. The review meeting, which was held in Jammu, focused on the performance of the Housing and Urban Development Department (H&UDD) and covered various urban infrastructure and reform-based programmes. Officials provided updates, informing that 161 projects worth Rs 36.34 billion are currently being implemented in Srinagar, while 127 projects with a total cost of Rs 35.81 billion are in progress in Jammu. The Srinagar Smart City projects include heritage restoration, mobility enhancement, public infrastructure, and riverfront development. Ongoing works valued at Rs 2.03 billion include the Traditional Souq Market and Craft Centre at Batamaloo, along with the Jhelum Waterfront Development Phase-2. In Jammu, Rs 5.29 billion worth of work is being carried out on projects such as the Tawi Riverfront Development and an oceanarium at Bagh-e-Bahu. Under the PM eBus Sewa scheme, approval has been granted for 100 AC eBuses for both Jammu and Srinagar. The Government of India has committed full funding for behind-the-meter infrastructure and up to Rs 200 million for depots. DPRs for depot infrastructure and substations in both cities have been approved by the Central Steering Committee. The meeting also addressed the progress of PMAY-Urban. Under the BLC vertical, 27,439 houses have been completed, with an expenditure of Rs 4.96 billion, including Rs 400 million in central assistance that was released during February–March 2025. J&K has signed a Memorandum of Agreement with MoHUA to extend PMAY-U 2.0 to all 78 urban local bodies. A digital survey app and verification committees are being employed to identify and confirm eligible houseless beneficiaries. Under the BLC and AHP components, beneficiaries will receive Rs 2.25 lakh from the Centre and Rs 0.25 lakh from the Union Territory. News source: Kashmir Life

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..

Infrastructure Energy

05 Nov 2025

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..

Infrastructure Urban

05 Nov 2025

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..