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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 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.
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.
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.
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.
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