Synopsis:
Antony Waste Handling Cell Ltd. surged 5% after its subsidiary received Rs. 3,200 crore orders from Andhra Pradesh for two Waste-to-Energy plants.
A small-cap Waste Management company that is in the spotlight after its subsidiary received two new domestic work orders from Andhra Pradesh Government worth Rs. 3,200 crore.
With the market capitalization of Rs. 1,731.45 crore, the shares of Antony Waste Handling Cell Ltd is trading at Rs. 610, up by 5.36 percent from its previous day’s close price of Rs. 578.95 per equity share, and it has reached a high of Rs. 635.80 in the same trading day.
Work Order
Antony Lara Enviro Solutions Pvt. Ltd., a material subsidiary of Antony Waste Handling Cell Ltd., has secured two orders from the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd., worth a total of Rs. 3,200 crore.
The contracts entail developing two ~15 MW Waste-to-Energy plants in Kadapa and Kurnool, which will process municipal solid waste through a Material Recovery Facility and incinerate it in a Waste-to-Energy facility. Each project will be executed within approximately 24 months after key agreements or land transfer, and operated under a concession period of 20 years during which power generated will be purchased by Andhra Pradesh Southern Power Distribution Company Limited (APSPDCL), the distribution utility serving the Kurnool and YSR Kadapa regions, at a rate of Rs. 8.10 per unit. .
Management view
Antony Waste Handling Cell Limited’s Chairman and Managing Director, Jose Jacob, stated that the company is honored to have been chosen by the Andhra Pradesh Government for landmark Waste-to-Energy projects, highlighting its technical expertise, execution strength, and commitment to sustainability. These projects will turn waste into renewable energy, address environmental and energy issues, support the state’s green vision, increase the company’s renewable footprint, diversify revenue streams, and increase stakeholder value.
About the Company & Others
Antony Waste Handling Cell Ltd., a pioneer in India’s municipal solid waste management, has grown from MSW collection and transportation to a fully integrated waste management leader, partnering with over 23 municipal corporations across the country. Its portfolio includes landfill construction, scientific operations, and innovative Waste-to-Energy (WtE) projects, such as Asia’s largest single-location waste processing facility in Kanjurmarg, Mumbai, and Maharashtra’s first WtE plant at PCMC to commercialise power under Green Energy Open Access Rules, demonstrating its commitment to renewable energy and circular economy objectives.
For Q1 FY26, its revenue from operations grew by 8.97 percent from Rs. 226.97 crore in Q1 FY25 to Rs. 247.34 crore in FY25, accompanied by profits of Rs. 23 crore in Q1 FY26 compared to 21 crore in Q1 FY25. The debt-to-equity ratio stands at 0.77.
Written by Akshay Sanghavi
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