Antony Waste Handling Cell Jumps 8.8% On Fresh Contract Win

Antony Waste Handling Cell Ltd witnessed a sharp rise in its stock price during open trade, climbing 8.80% following the announcement of a significant order win. The company’s subsidiary, AG Enviro Infra Projects Pvt Ltd, secured a long-term contract from Brihanmumbai Municipal Corporation (BMC) for solid waste collection and transportation.

Key Highlights

• AG Enviro Infra Projects will manage waste collection and transportation across designated wards in Mumbai
• The contract is valued at approximately ₹1,330 crore, spanning seven years of operations
• Consortium partners include Jigar Transport Company and M.K. Enterprises, with Antony Waste holding a majority stake
• The deal requires deployment of newly owned vehicles, ensuring compliance with municipal standards and efficiency in operations
• This marks Antony Waste’s second major order win in December, following a ₹330 crore contract from Thane Municipal Corporation
• Investor sentiment turned positive, driving ANTO.NS shares up 8.80% in open trade

This development reinforces Antony Waste’s strong market position and underlines the company’s ability to secure large-scale municipal contracts, ensuring sustainable growth in India’s waste management industry.

Sources: Business Standard, CNBC TV18, India Infoline, BSE India