Antony Waste's subsidiary secures contract worth ~₹330 crore from TMC for pre-processing of MSW

Antony Waste Handling Cell Limited ("AWHCL"), India's leading integrated solid waste management Company, announced that its subsidiary, Antony Lara Enviro Solutions Private Limited, has been awarded a Pre-Processing Waste Management contract by the Thane Municipal Corporation (TMC). The award highlights the continued confidence and trust placed by municipal authorities in AWHCL's proven execution capabilities, operational excellence, and integrated approach across the solid waste management value chain.

The contract involves the establishment of a 600-800 TPD Solid Waste Pre-processing Plant on a Design, Build, Operate and Transfer (DBOT) basis on land owned by Thane Municipal Corporation (TMC) at Atkoli, Taluka Bhiwandi. The scope of work includes the setting up of a Material Recovery Facility (MRF) for segregation of mixed solid waste, encompassing design, engineering, construction, commissioning, and comprehensive operation and maintenance of the facility for a period of 10 years. The total project capital expenditure is estimated at ~₹67 crore, which shall be reimbursed by Thane Municipal Corporation upon achievement of prescribed milestones, in accordance with the terms and conditions of the tender document.

Commenting on the contract award, Jose Jacob, Chairman & Managing Director, Antony Waste Handling Cell Limited said, "We are pleased to secure the pre-processing waste management project, which represents a meaningful step in the continued expansion of our long-term municipal infrastructure portfolio. Building on our established C&T operations, this project further strengthens our relationship with Thane Municipal Authority, reflecting the trust placed in our execution capabilities and operational track record. The project leverages our integrated expertise across waste processing, resource recovery and efficient sustainable outcomes. The long-term nature of the contract enhances revenue visibility that aligns with our strategic objective of creating a sustained value creation over the long term."

Shares of Antony Waste Handling Cell Limited was last trading in BSE at Rs. 496.50 as compared to the previous close of Rs. 514.40. The total number of shares traded during the day was 30256 in over 1107 trades.

The stock hit an intraday high of Rs. 513.00 and intraday low of 494.00. The net turnover during the day was Rs. 15208662.00.

Source : Equity Bulls

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