BAJAJ BROKING

Notification
No new Notification messages
Inventurus Knowledge Solutions IPO is Open!
Apply for the Inventurus Knowledge Solutions IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

Antony Waste Secures ₹908 Cr Contract From NMMC

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

Antony Waste Handling Cell’s subsidiary, AG Enviro Infra Projects, secured a ₹908 crore contract from Navi Mumbai Municipal Corporation. This contract spans 9 years and covers door-to-door collection and transportation of municipal waste.

Antony Waste Handling Cell news today

Antony Waste Handling Cell Ltd has announced that its subsidiary, AG Enviro Infra Projects Private Limited, has won a significant contract from Navi Mumbai Municipal Corporation (NMMC). The contract, valued at ₹908 crore, is for the door-to-door collection and transportation of municipal solid waste and spans nine years. This is a key development for Antony Waste Handling Cell, a leader in India’s waste management sector.

ANTONY WASTE HDG CELL LTD

Trade

655.9-12.14 (-1.81 %)

Updated - 13 December 2024
668.70day high
DAY HIGH
646.35day low
DAY LOW
85284
VOLUME (BSE)

Contract details

AG Enviro Infra Projects will be responsible for managing the collection and transportation of solid waste throughout Navi Mumbai. This contract, estimated at ₹908 crore over the nine years, reinforces Antony Waste’s position in the municipal waste management industry. It continues the company's efforts to strengthen its operations in major urban areas. With this contract, the company is set to expand its footprint in Maharashtra's waste management sector.

Antony Waste's sector leadership

With nearly two decades of experience, Antony Waste Handling Cell has established itself as one of India’s top five companies in municipal waste management. The company operates across various segments, including waste collection and transportation, mechanical road sweeping, and waste-to-energy projects. It also runs an integrated waste management facility in Kanjurmarg, Mumbai, further showcasing its role in the industry.

The latest contract adds to the company's growing portfolio of public contracts, positioning it for continued growth in India’s urban waste management market.

Financial performance

Antony Waste Handling Cell’s financial performance has been solid in recent times. In Q1 FY25, the company posted revenue of ₹227 crore, up from ₹222 crore in the same quarter last year. It also reported an operating profit of ₹49 crore, with a net profit of ₹21 crore. For FY24, the company’s annual revenue reached ₹873 crore, compared to ₹854 crore in FY23. The net profit for FY24 was ₹100 crore, up from ₹85 crore in FY23.

With this ₹908 crore contract, Antony Waste Handling Cell continues to cement its leadership in municipal waste management. Investors are likely to keep a close watch on Antony Waste Handling Cell share price, especially as the company continues to secure large-scale contracts in the waste management sector.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs+ Users

icon-with-text

4.4+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4700+ Cr MTF Book

icon-with-text