Chennai's Kasimedu Harbour Modernisation Nears Completion

19 Feb 2025 CW Team

Chennai’s Kasimedu Fishing Harbour is undergoing a Rs 1.27 billion modernisation project set for completion by mid-2025. Initially approved in April 2022, the project faced delays due to environmental clearance, which was granted in May 2024. As of February 14, 2025, 45% of the work has been completed.

Funded under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) and Sagarmala scheme, the project is being executed in two phases—Rs 1.16 billion for Phase 1 and Rs 106 billion for Phase 2—covering 18 key upgrades.

The development includes a high-tech ship lift facility for efficient boat repairs, improved roads, security, and parking, along with a modern fish handling shed, sanitary complexes, and a solid-liquid waste management system. Dredging to a depth of 4.5 meters will accommodate larger boats, while a vessel monitoring system will enhance safety. The facelift is expected to boost the fishing community’s livelihood and strengthen Chennai’s maritime sector.

(newindianexpress)

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..