Visakhapatnam Smart City: Innovative Park Development unveiled

16 Aug 2023 CW Team

Visakhapatnam, one of the four cities within Andhra Pradesh, was chosen as part of the Smart Cities Mission through a competitive selection process that occurred between 2015 and 2018. This information was provided by Kaushal Kishore, the Union Minister of State for Housing and Urban Affairs, in response to an inquiry raised by GVL Narasimha Rao, a BJP MP, during a session in the Rajya Sabha.

Kishore disclosed that a total of 61 projects, with a combined value of Rs 9.42 billion, were approved for implementation within the city. Among these, 36 projects have reached completion, utilising Rs 4.52 billion. He emphasised that the execution of Smart Cities Mission initiatives is carried out by Special Purpose Vehicles (SPVs) jointly owned by the respective state governments and urban local bodies. In cases where complaints arise, they are forwarded to the concerned state governments for appropriate resolution. Additionally, Kishore noted that the Union Ministry is conducting third-party assessments in certain instances.

GVL Narasimha Rao further sought information regarding the funding allocated for the development or renovation of the VMRDA (Visakhapatnam Metropolitan Region Development Authority) Park and related undertakings. The park, spanning 33 acres across three zones, is being transformed into a Smart Park catering to people of all age groups. Kishore elaborated that the park's features encompass a nature trail, cycling path, landscaping adorned with herbal plants, a versatile lawn equipped with a yoga circle, food courts, dedicated sports courts for activities like badminton, tennis, and basketball, a children’s play area, an outdoor gym space, boating facilities, and improved parking provisions. As of July 31, the project has incurred expenses totalling Rs 307.6 million.

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..