Karnataka Maritime Board to start studies for Mangaluru Water Metro

08 Nov 2024 CW Team

The Karnataka Maritime Board (KMB) is set to initiate key studies for the proposed Mangaluru Water Metro Project (MWMP), following an announcement by Chief Minister Siddaramaiah in this year's budget. The project aims to introduce water metro services along the Gurupur and Netravathi rivers, modeled after Kochi's water metro system.

According to a senior KMB official, the 30-km route will span from Bajal to Maravoor Bridge, connecting 17 points including Kulur Bridge, Bangrakulur, New Mangaluru Port, Sultan Battery, Tannirbhavi, Old Port, Bengre, Hoige Bazaar, Ullal, Bolar Sea Face, and Someshwar Temple. The project is envisioned to boost tourism, enhance recreational opportunities, and reduce urban congestion.

The plan outlines an eco-friendly transport system featuring modern electric or diesel-powered catamaran boats equipped with necessary amenities. The feasibility study will determine station placements, focusing on demand, connectivity, land availability, and sustainability. Consultants will also project demand over the next 25 years, considering various service scenarios. A detailed LiDAR survey will further support the groundwork.

The study is likely to recommend establishing a special purpose vehicle (SPV) to oversee the project, aiming to attract investors and lenders and add operational credibility. (TOI)

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..