Antony Waste Group secures ₹ 1024 Crore order for waste collection

Antony Waste Handling Cell Limited ("AWHCL"), India's leading integrated solid waste management company, enhances its leadership in the waste management space with AG Enviro Infra Projects Private Limited, its wholly owned subsidiary, securing an ₹ 1,024 Crore order for Collection, Transportation, Processing and Disposal of Construction & Demolition Waste in the Western Division of Mumbai.

The contract is a first of its kind for the Company and the project entails collection, transportation, processing & disposal of construction & demolition (C&D) waste in 9 wards of Western Division of the city of Mumbai. The contract tenure is for 21 years which includes mobilization period of 12 months. The Contract would involve Collection and processing of around 600 TPD of debris waste with a potential upside of about 25%.

Commenting on the order win, Jose Jacob, Chairman & Managing Director, Antony Waste Handling Cell Limited said " The first of its kind contract win for Collection, Transportation, Processing, and Disposal of Construction & Demolition (C&D) Waste in Mumbai City is a big achievement for company. We thank Brihanmumbai Municipal Corporation for the confidence reposed in us. This sub-segment of Solid Waste Management provides tremendous growth opportunities given the number of infrastructure development projects underway, and the Government's push to accelerate the economic growth with infrastructure being one of the important growth pillars. Being the first of its kind contract, it provides us with an opportunity to build our credentials and a launch pad for future contract wins in this segment. We would use the Sustainable Material Recovery approach, which identifies specific C&D materials as commodities that can be re-used in new construction projects. This order will enable us to adopt circularity in cement and concrete.

The key features of the order include:

- Processing of Construction & Demolition Waste using mechanized process into useful products and its sale into the market. Disposal of inert to the disposal site.

- Collection & Transportation of Construction & Demolition Waste.

Shares of Antony Waste Handling Cell Limited was last trading in BSE at Rs. 293.05 as compared to the previous close of Rs. 288.60. The total number of shares traded during the day was 3555 in over 349 trades.

The stock hit an intraday high of Rs. 297.25 and intraday low of 289.05. The net turnover during the day was Rs. 1042655.00.

Source : Equity Bulls

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