Govt focuses on industrial estates and logistics hub

11 Aug 2023 CW Team

Minister for Infrastructure, Large and Medium Industries, MB Patil, has reaffirmed the government's commitment to enhancing the infrastructure of Industrial Estates and establishing a Logistics Hub in Raichur. In a meeting with elected representatives of Raichur district, Patil acknowledged the current shortcomings in Industrial Estates' infrastructure and emphasized the government's dedication to resolving these issues.

Patil outlined a comprehensive development strategy for the Industrial Estates, with the intention of transferring ownership to industrial unions for ongoing maintenance. The revenue generated from tax collections within the estates will be divided, with 70% allocated to the unions and 30% to local bodies. Additionally, Minister Patil instructed the Commissioner of Textiles to prepare a proposal for a Textile Park in Raichur. With over 120 ginning units, Raichur ranks as Asia's second-largest cotton market, making it a prime candidate for a textile park. Patil plans to approach the central government for permission to establish this park.

Highlighting Raichur's potential as a logistics hub, Patil expressed determination to collaborate with relevant authorities to realize this opportunity. Science and Technology Minister NS Bose Raju also stressed the need for improved infrastructure in Raichur, as it emerges as a crucial commercial in the Kalyana Karnataka region.

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..