Waste Management stock engaged in providing Waste Management Solutions, Municipal Solid Waste Management services, and many more in focus upon receiving new work order worth Rs. 10.8 Crores from Chandrapur Municipal Corporation, Maharashtra.
Price Action
With a market capitalization of Rs. 230 Crores, the shares of Urban Enviro Waste Management Limited were trading at Rs. 530 per equity share, down 1.6 percent from its previous day’s close price of Rs. 538.55.
What Happened
Urban Enviro Waste Management Limited has received a new work order from Chandrapur Municipal Corporation, Maharashtra, for the supply of manpower as per requirement on contract basis for the mechanical department of Chandrapur Municipal Corporation for 3 years for a consideration of Rs. 3.6 Crore P.A. totalling to Rs. 10.8 Crores.
Upcoming Bonus Issue
The Board of Directors of Urban Enviro Waste Management Limited has considered and approved issuing Bonus Equity shares in the ratio of 1:1, where one equity share with a face value of Rs. 10 will be issued to each equity share held by the company’s shareholders as on the record date.
About the company
Urban Enviro Waste Management Limited is engaged in providing Waste Management Solutions, Municipal Solid Waste Management services, and many more. Its services include solid waste collection, transportation, segregation of waste, and processing and disposal services, street sweeping projects, providing manpower, skilled/unskilled labourers, and many more.
Financials
Its revenue from operations grew by 57 percent from Rs. 46 Crores in H1FY24 to Rs. 72 Crores in H1FY25, accompanied by profits of Rs. 4 Crores to Rs. 8 Crores.
Written by: Bharath K.S
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