The stocks of Waste Management Solutions & Municipal Solid Waste (MSW) Management company are in focus after the company bagged orders worth Rs 19 Crores from the Government of Rajasthan.
Price movement
With a market capitalisation of Rs. 160.12 crores, on Wednesday, the shares of Urban Enviro Waste Management Ltd are currently trading at the CMP of Rs 188, which is close to 2 percent up against the previous closing price of Rs 184.90.
What’s the News
Urban Enviro Waste Management Limited has received an order worth Rs 19 crores from Nagar Nigam Jaipur Heritage for the Operations of Door-To-Door Household Waste
Collection, Segregation, and Transportation and Waste Collection and Transportation from AllOpen Depots, GPS, Sweeping Waste, Etc. VTS in All 30 Wards of HawaMahal, Amer Zone of NNJH.The period for the contract is 2 years.
About the Company
Urban Enviro Waste Management Limited provides Waste Management Solutions & Municipal Solid Waste (MSW) Management services. The Company carries on the business of providing manpower like staff, workers, laborers, skilled/unskilled, required by various industries and organizations.
It primarily undertakes: (i) MSW projects which involve door-to-door collection of MSW from households, slums, commercial establishments, and other bulk-waste generators through primary collection vehicles like compactors, dumper placers, and tippers, and transportation of these materials to the processing facility, transfer station, or a disposal site.; (ii) MSW processing projects which involve sorting and segregating the waste received from MSW, followed by composting, as required; and (iii) Street sweeping projects which involve deploying of sweeping brooms, manpower, comprehensive maintenance, consumables, safe disposal of waste and other items required for cleaning operation in the designated areas.
Financials
The company’s revenues grew by 56.5 percent from Rs. 46 crores in H1FY24 to Rs. 72 crores in H1FY25. Its net profits grew by 100 percent from Rs. 4 crores in H1FY24 to Rs. 8 crores in H1FY25
Written by Likesh Babu S
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