Bids invited for multimodal logistics park in Nagpur

04 Jul 2023 CW Team

The centre is inviting bids for the development of Multimodal Logistics Park (MMLP) at Nagpur in Maharashtra at an estimated cost of Rs 352.97 crore. Part of an effort to reduce the high logistics cost of the nation, the MMLP will be developed through Public-Private Partnership on Design, Build, Finance, Operate and Transfer (DBFOT) basis. The selected concessionaire will operate and maintain the logistics park for a period of 45 years, including two years for construction.

The MMLP site in Nagpur will be located in Sindi village of Wardha district, at a distance of 4.1 km from NH-361 and 2.7 km from the Samruddhi Mahamarg. The central location of Napur and its well established connectivity to the economic centres of India through road and rail, provides a location advantage for establishing industries, warehouses and associated facilities to link to ports. The site is abutting NH-353I which connects to NH-361 (Nagpur-Wardha Highway) in the north and the NH-44 (Nagpur-Hyderabad Highway) in the south.

With the total area of the site for development of MMLP to be around 150.39 acres. The park which is anticipated to be developed in Phase manner will see the Phase-1 area of the MMLP cover 76.34 acres, Phase-2 area to cover 36.31 acres and Phase-3 area of 37.76 acres.

The Ministry of Road Transport and Highways (MoRTH), under the Bharatmala Pariyojana, has decided to develop 35 multimodal logistics at some of the highest freight movement regions in the country in order to enhance logistics efficiency across the country. The Ministry’s step of building these MMLPs is aimed to reduce the logistics costs from the current 14% to 8-9% of the gross domestic product (GDP)-making India more competitive on the global stage.

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..