NSSCDCL forecloses Shapoorji Pallonji’s contract of Smart City

17 Oct 2022 CW Team

In a major development, Nagpur Smart and Sustainable City Development Corporation (NSSCDCL) while rejecting the claim of damages sought by M/s Shapoorji and Pallonji, the Board of Directors decided to foreclose its Rs 6.30 billion contract for Smart City. A meeting of board of directors of NSSCDCL was held at Smart City office in Chhattrapati Shivaji Maharaj Administrative Building of Nagpur Municipal Corporation (NMC).

A communique from NSSCDCL stated that the decision about foreclosure of the contract had approval from the special purpose vehicle of Shapoorji and Pallonji saying the company failed to complete the work within extended time-frame upto June 30, 2022, albeit post payment of compensation of Rs 152.5 million as against claim of Rs 4.48 billion.

M/s Shapoorji Pallonji Company was awarded work for design and construction of roads, bridges, culverts, sidewalks, and MEP works, PHE works including associated civil works on Tender Sure concepts in Area Based Development Area in East Nagpur. The total cost of the project was envisaged to be around Rs 6.50 billion.

Also Read
Maharashtra Government plans to develop Neral-Karjat industrial region
Supply-demand gap for affordable housing in MMR

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..