The shares of India’s leading integrated solid waste management company, specializing in integrated solid waste management services, jumped upto 8 percent following the announcement of the merger by absorption of AG Enviro Infra Projects Private Ltd
Price action
With a market capitalization of Rs. 1,580.88 crores on Friday, the shares of Antony Waste Handling Cell Limited jumped upto 8.1 percent, making a high of Rs. 566.85 per share compared to its previous closing price of Rs. 524.15 per share.
What Happened
Antony Waste Handling Cell Limited is engaged in integrated solid waste management services, has announced a merger by absorption of AG Enviro Infra Projects Private Limited (Transferor Company). The merger aims to optimize the group structure, strengthen operational synergies, and deliver superior services to clients. It strategically aligns with the Company’s vision to drive long-term operational efficiencies, reduce costs, and optimize resource utilization, ultimately improving management bandwidth.
Management Commentary
Commenting on the Merger, Jose Jacob, Chairman & Managing Director, Antony Waste Handling Cell Limited, said, “We are delighted to announce the proposed merger of AG Enviro Infra Projects Private Limited with Antony Waste Handling Cell Limited, a strategic move aligned with our long-term vision. This merger is designed to create substantial value for all stakeholders, including shareholders, clients, employees, and creditors.
By integrating AG Enviro’s services—such as waste collection, segregation, transportation, and processing—into Antony Waste Handling Cell Limited, we aim to optimize resource allocation, eliminate redundancies, and achieve operational synergies. The merger also strengthens the entity’s competitive position in the market, enhancing its ability to secure large-scale contracts from municipalities and industries”.
About the Company
Antony Waste Handling Cell limited is a leading player in the Indian Municipal Solid Waste Management industry with an established track record of more than two decades, providing a full spectrum of MSW services, which includes solid waste collection, transportation, processing, and disposal services across India, majorly catering to municipalities.
Operational Highlights (Q3-FY25)
In Q3 FY25, Antony Waste Handling managed approximately 1.18 MMT of waste, marking a 3 percent YoY increase. They sold around 38,500 tonnes of refuse-derived fuel with 18 percent YoY growth and 6,400 tonnes of compostsold with 100 percent YoY rise.
Financials
The company’s total revenue rose by 11.88 percent from Rs. 222.73 crore to Rs. 249.2 crore in Q3FY24 -25. Meanwhile, Net profit rose from Rs. 12.8 crore to Rs. 15.76 crore during the same period.
Written by Sridhar J
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