News

AG Enviro Infra Projects Private Limited, a material subsidiary of Antony Waste Handling Cell Limited (AWHCL), announced that it has secured municipal solid waste (MSW) collection and transportation contracts worth approximately Rs 1,330 crore from the Brihanmumbai Municipal Corporation (BMC).

The contracts, awarded for a seven-year concession period, further strengthen Antony Waste’s position as a leading player in India’s urban waste management sector, the company said in its regulatory filing.

The contracts have been awarded to a consortium/Joint Venture comprising AG Enviro Infra Projects Private Limited with a 51 per cent stake, M/s. Jigar Transport Company holding 29 per cent, and M/s. M. K. Enterprises with 20 per cent. The two contracts are individually valued at around Rs 684 crore and Rs 646 crore.

Under the terms of the agreement, the Joint Venture will be responsible for the collection and transportation of approximately 1,250 metric tonnes per day (MTPD) of municipal solid waste across several key wards in Mumbai. This includes about 650 MTPD from A, B, C and D Wards, and around 600 MTPD from N, S and T Wards.

BMC, the biggest municipal corporation in India, has assigned the contracts as a measure of its involvement in the improvement of the city's waste management system. The projects will bring about better waste management practices, higher productivity, and a reliable waste transfer to the disposal locations all over Mumbai.

Antony Waste Handling Cell Limited emphasised that the contract is a testament to Antony's ability to execute successfully, a solid operational history, and managing large urban projects even in high-density areas of the metropolis.

Commenting on the contract award, Jose Jacob, Chairman & Managing Director, Antony Waste Handling Cell Limited, said, “We are delighted to secure these two significant Collection & Transportation contracts from the Brihanmumbai Municipal Corporation. This award reinforces our leadership in executing large-scale municipal waste operations across India’s urban markets."

"Mumbai has always been a cornerstone geography for Group, and this win strengthens our long-term partnership with the city. The seven-year contracts enhance revenue visibility, support our strategy of building a resilient management portfolio, and further strengthen our ability to deliver sustainable growth and long-term value for our stakeholders,” he added.

The shares of Anthony Waste Handling Cell Ltd rallied as much as 19 per cent in the early hours of trade on Thursday. As of 1:20 pm, the stock was trading at Rs 500.25, up by 14.88 per cent from the previous close of Rs 435.45.