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Antony Waste Subsidiary Wins ₹330-Cr Thane Solid Waste Project

Synopsis:


Antony Waste Handling Cell’s subsidiary has secured a ₹329.45 crore contract from Thane Municipal Corporation to develop and operate a 600–800 TPD mixed solid waste processing plant in Maharashtra under a 10-year DBOT framework.


Source:
Antony Waste Handling Cell Limited Press Release (NSE Exchange Fillings) | Published on Dec 22, 2025

Disclaimer: This content has been published for informational purposes only. Bajaj Broking is not affiliated with, nor does it endorse or assume any responsibility for, the source material. Readers are advised to consult the original publication for complete and accurate context.

As quoted in the press release of Antony Waste Handling Cell Limited (NSE Exchange Filings), the company, through its subsidiary, Antony Lara Enviro Solutions Private Limited ("Antony Lara"), was awarded a solid waste management contract from Thane Municipal Corporation. Under this contract, Antony Lara will develop and operate a mixed solid waste pre-processing facility for several years in Maharashtra. The SEBI Listing Regulations and the Disclosure Circulars outline that the award of the contract complied with all SEBI regulations, and the contract was not classified as a Related Party Transaction.

As part of Antony Waste's growing number of municipal projects, this contract includes developing the infrastructure and providing operations for a defined period. The project will be developed under a Design, Build, Operate and Transfer (DBOT) framework prevalent in many urban infrastructure projects.

ANTONY WASTE HDG CELL LTD

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53234.95 (7.03 %)

Updated - 23 December 2025
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Key takeaways

  • Contract awarded to Antony Lara Enviro Solutions Private Limited by Thane Municipal Corporation.

  • The project involves a 600–800 TPD mixed solid waste processing plant.

  • The total contract value is approximately ₹329.45 crore.

  • Concession period of 10 years, including operations and maintenance.

  • Capital expenditure of around ₹67 crore to be reimbursed on milestone completion.

Also read: ACC Board Approves Merger with Ambuja Cements

Details Of The Thane Waste Processing Project

Antony Waste Handling Cell Ltd's subsidiary, Antony Lara Enviro Solutions Private Limited (ALESP), has received a contract from the Thane Municipal Corporation (TMC) to develop and operate a plant to prepare mixed solid waste for further processing at its facility located at Atkoli, Taluka Bhiwandi, Maharashtra.

The contract covers:

  • Project type: Design, Build, Operate and Transfer (DBOT) solid waste pre-processing plant.

  • Capacity: 600–800 tonnes per day (TPD).

  • Tenure: 10 years, including operation and maintenance.

  • Location: TMC-owned land at Atkoli, Taluka Bhiwandi.

  • Project value: ₹329.45 crore approximate.

  • Capital expenditure: ~₹67 crore reimbursable on milestones per tender

Below is a summary of key contract data.

Parameter

Details

Awarding Authority

Thane Municipal Corporation (TMC)

Subsidiary

Antony Lara Enviro Solutions Pvt Ltd

Project Type

DBOT — Pre-processing plant

Daily Capacity

600–800 TPD

Tenure

10 Years

Contract Value

~₹329.45 crore

Capex reimbursements

₹67 crore on milestones

Contract Value And Financial Structure

The total estimated contract size for a ten-year concession period will therefore be around ₹329.45 crores. Setting up of the facility will require a total capital investment of an estimated ₹67 crores. The capital cost will be reimbursed by the Thane Municipal Corporation upon achievement of predetermined milestones, as per the tender conditions.

The contract has been given by a domestic municipal authority where the promoter and promoter group do not hold any interest in the awarding entity. There has also been clarification stating that this order does not qualify as a Related Party Transaction.

Regulatory Disclosure And Compliance

The announcement of the contract being awarded has been made in accordance with Regulation 30 of the SEBI Listing Obligations & Disclosure Requirements Regulation (2015), along with the applicable SEBI circulars. This announcement highlights the key commercial aspects of the agreement such as the project's scope, timeframe, and an affirmation that there were no related parties involved in the awarding of this contract.

These disclosures help to provide market participants with the necessary information regarding a listed company and its subsidiaries' material developments and provide transparency for the marketplace.

Market Context

Municipal solid waste management initiatives persist through the long-term concession method across metropolitan cities and emphasize the construction of waste processing and separation facilities. The Thane project is a continuation of a course of action taken by many urban local authorities that support the expanding volume of solid waste processing through organized partnerships between public and private sectors.

Share Price Update

Antony Waste share price stands at ₹515.90 per share on the BSE as of 22 Dec 2025 at 15:30 PM IST, up by 0.38% from the previous session’s close.

Published Date : 23 Dec 2025

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