The shares of the waste management company gained up to 6 percent after the company received a new work order from its subsidiary worth Rs 77 crore.
With a market capitalization of Rs 1,314.80 crore, the shares of Antony Waste Handling Cell Ltd were trading at Rs 464.65 per share, increasing around 5.34 percent as compared to the previous closing of Rs 441.10 apiece.
According to the company filing, Antony Waste Handling Cell Ltd has received a new work order from Antony Lara Enviro Solutions Private Limited, a subsidiary of the company for the processing of legacy waste through bio-remediation / bio-mining and re-development of existing sanitary landfill Cells at CIDCO’s MSW facility at Village Chal near Taloja, MIDC worth Rs 77 crore.
Looking into Antony Waste Handling Cell Ltd’s performance, revenue increased by 0.4 percent from Rs 218 crore in Q3 FY23 to Rs 217 crore in Q3 FY24. During the same period, net profit was stable at Rs 16 crore.
In terms of Construction & Management of Landfills, the company manages the largest bio-reactor landfill. Handles 5,800 TPD waste at Kanjurmarg facility through MRF, bio-reactor landfill & sanitary landfill operations and also Handles 700 TPD waste at PCMC facility generating 8 MW to 14 MW power using mixed MSW.
The company received Maharashtra’s first Waste-to-project Project is estimated to save 7 lakh tons of CO2 annually, equivalent to 1.5 lakh passenger cars’ emissions. The entire project utilizes recycled water from the Chikali Sewage Treatment Plant (STP), eliminating the need for freshwater dependency.
The firm has engaged in a 25-year service concession deal with BMC, with a certain minimum guarantee amount of 3000 tons per day, and the tipping charge will increase each year.
Antony Garbage Handling Cell Ltd is involved in the mechanical power sweeping of roadways, garbage collecting and transportation, waste-to-energy projects, and the design, building, operation, and maintenance of an integrated waste management facility in Kanjurmarg, Mumbai.
Written by:- Abhishek Singh
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