Antony Waste surges after subsidiary bags Rs 1,330-cr Mumbai MSW contracts

Antony Waste Handling Cell zoomed 17.57% to Rs 511.95 after its subsidiary, AG Enviro Infra Projects, has bagged two contracts for collection & transportation of municipal solid waste (MSW) in Mumbai by the Brihanmumbai Municipal Corporation (BMC).

The contracts were secured through a joint venture comprising AG Enviro Infra Infra Projects (51%), Jigar Transport Company (29%) and M.K. Enterprises (20%).

Under the contracts, the JV will handle approximately 650 MT per day from A, B, C & D wards and 600 MT per day from N, S & T wards, supplying owned new vehicles for the next seven years. The total value of the contracts is around Rs 1,330 crore.

 

The company clarified that neither promoters nor promoter group have any interest in BMC, and the contracts do not qualify as related-party transactions.

Commenting on the contract award, Jose Jacob, chairman & MD, Antony Waste Handling Cell, said, We are delighted to secure these two significant Collection & Transportation contracts from the Brihanmumbai Municipal Corporation. This award reinforces our leadership in executing large-scale municipal waste operations across Indias urban markets.

Mumbai has always been a cornerstone geography for Group, and this win strengthens our long-term partnership with the city. The seven-year contracts enhance revenue visibility, support our strategy of building a resilient management portfolio, and further strengthen our ability to deliver sustainable growth and long-term value for our stakeholders.

Antony Waste Handling Cell is engaged in the business of mechanical power sweeping of the roads and collection & transportation of municipal solid waste.

The companys consolidated net profit rose 12.9% to Rs 13.65 crore on 16.5% rise in revenue from operations to Rs 257.65 crore in Q2 FY26 over Q2 FY25.

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