Synopsis:
Shares of a leading infrastructure firm surged 5% after its subsidiaries signed two waste-to-energy concession agreements in Andhra Pradesh worth ₹750 crore. Q1FY26 revenue rose 18%, while net profit turned negative, reflecting growth alongside rising operational costs.
The shares of the prominent water management company hit a 5 percent upper circuit after the company signed two Concession agreements with Swachh Andhra Corporation & Others worth Rs 750 crore.
With a market capitalization of Rs 939.21 crore, the shares of JITF Infralogistics Ltd were trading at Rs 365.40 per share, increasing around 5 percent as compared to the previous closing price of Rs 348.00 apiece.
Concession Agreement
The shares of JITF Infralogistics Ltd have seen bullish movement after its subsidiary signed a Concession Agreement with Swachh Andhra Corporation and partners to develop a 12 MW Waste-to-Energy plant in Nellore, Andhra Pradesh. The project, valued at Rs 320 crore, aims to convert municipal waste into clean energy, supporting sustainable urban infrastructure and renewable power generation.
Moreover, the company’s subsidiary has signed another agreement for a 15 MW Waste-to-Energy plant in the Kakinada-Rajahmundry cluster, Andhra Pradesh, worth Rs 430 crore. This initiative highlights the firm’s focus on expanding waste-to-energy solutions, contributing to regional clean energy capacity, and addressing environmental challenges through innovative waste management technologies.
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Financial & Operational Highlights
The company’s Q1FY26 revenue rose 18% to Rs 550.16 crore from Rs 464.98 crore in Q1FY25, reflecting strong top-line growth. However, net profit swung into a loss of Rs 4.71 crore from a previous Rs 23.12 crore gain, indicating rising costs or operational challenges despite higher sales.
Jindal Urban Infrastructure Limited (JUIL) operates eight Waste-to-Energy (WtE) projects totaling 153 MW capacity. In FY25, the Okhla, Tehkhand, Guntur, Visakhapatnam, Ahmedabad, and Jaipur plants processed municipal solid waste efficiently, generating substantial green energy, recovering recyclables, and mitigating landfill impact, highlighting JUIL’s strong environmental and operational performance.
JITF Infralogistics operates as a holding company for diverse infrastructure businesses, including water management, rail wagon manufacturing, and waste-to-energy conversion through its various subsidiaries.
The company’s core strategy involves executing these critical infrastructure projects by leveraging the specialized expertise of its various step-down subsidiary companies. Its subsidiary, JITF Urban Infrastructure Ltd., is the largest Waste-to-Energy developer in India.
Written by Abhishek Singh
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