Synopsis: Shares of Antony Waste Handling Cell fell 5% after the company reported a building collapse at its Pimpri Chinchwad Waste-to-Energy plant following heavy rainfall. While rescue operations are underway, the company said it expects no immediate material impact on operations.
The shares of this integrated waste management company engaged in waste collection and transportation, mechanised road sweeping, waste-to-energy projects, and the development, operation, and maintenance of integrated waste management facilities across India are in the spotlight after it fell by 5 per cent in today’s session following reporting a building collapse in its plant.
With a market capitalisation of Rs. 1,265 cr, the shares of Antony Waste Handling Cell Ltd were trading at Rs. 445.85 per share, declining by 5% in today’s market session, making a low of Rs. 431.45, down from its previous close of Rs. 452 per share.
What’s the News
Antony Waste Handling Cell Ltd. reported a serious incident at its Waste-to-Energy (WtE) plant in Pimpri Chinchwad, Pune, where an administrative building collapsed after a waste mound outside the facility gave way due to continuous, exceptionally heavy rainfall. The company expressed its condolences to those affected and said its immediate priority is supporting rescue and relief operations.
Emergency response teams, including the Fire Brigade, National Disaster Response Force (NDRF), Indian Army, and Pimpri Chinchwad Municipal Corporation (PCMC), were deployed to the site. Rescue efforts are ongoing to locate and assist anyone trapped under the debris, while the company is providing medical assistance to the injured and support to affected families.
According to the company’s preliminary assessment, the incident was caused by the destabilisation of the waste mound due to unprecedented weather conditions. Antony Waste also stated that the plant was under a scheduled maintenance shutdown at the time, resulting in a Ltd number of personnel being present on-site.
Based on the information available so far, the company does not expect any immediate material impact on its overall operations and will provide further updates as more details are confirmed.
About the company
Antony Waste Handling Cell Ltd is one of India’s leading integrated municipal solid waste management companies. The company provides end-to-end waste management services, including collection and transportation, processing, waste-to-energy generation, sanitary landfill management, and mechanised cleaning.
During FY26, Antony Waste Handling Cell managed approximately 5.69 million metric tonnes (MMT) of waste, while selling around 1.77 lakh tonnes of Refuse Derived Fuel (RDF) and 15,500 tonnes of compost, highlighting its integrated waste processing capabilities.
The company’s Pimpri Chinchwad Waste-to-Energy (WtE) plant generated over 69.30 million green energy units during the year, helping avoid approximately 10,071 tonnes of CO₂ equivalent emissions. Additionally, the company conducted more than 40,785 hours of employee training, reflecting its focus on sustainability and workforce development.
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