India, ADB sign $96.3 mn deal for Himachal drinking water

24 Aug 2022 CW Team

The Asian Development Bank (ADB) and the Indian government have signed a $96.3 million loan agreement to provide safe drinking water and to improve water supply and sanitation in Himachal Pradesh.

The deal was signed by Rajat Kumar Mishra, additional secretary in the department of economic affairs and Takeo Konishi, Country Director for ADB in India, a Union Finance Ministry statement said.

The project is aligned with the objectives of the government of India’s Jal Jeevan Mission, which aims to provide piped water to all rural households by 2024. It will upgrade water supply infrastructure and strengthen institutional capacity to ensure safe, sustainable, and inclusive rural water supply and sanitation services, the statement said.

“ADB’s involvement in the project will provide water management best practices, strengthen institutional capacity, and guide tariff reform," the statement quoted Konishi as saying.

These interventions will address the government’s aim of providing uninterrupted pressurised water supply to households, inclusive sanitation services, strengthening operation and maintenance for sustainable service delivery, and building capacity of relevant staff, the statement said.

More than 90% of the state’s rural population has access to drinking water, but the water supply infrastructure needs revamping, to result in efficient and improved service quality. The ADB project will connect 75,800 households to the service, providing uninterrupted water supply to about 3,70,000 residents across 10 districts.

To improve water supply and sanitation services, the project aims to construct 48 groundwater wells, 80 surface water intake facilities, 109 water treatment plants, 117 pumping stations, and 3,000 kilometres of water distribution pipelines.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..