"Antony Waste Handling Shares Surge on ₹386 Crore Order"

Antony Waste Handling Cell Limited witnessed a notable uptick of 6.42 percent in its shares following a significant development. The surge came after its subsidiary, AG Enviro Infra Projects Private Limited, clinched a substantial contract from the Panvel Municipal Corporation. The contract, valued at approximately ₹386 Crore, is set to cover the Door-to-Door Collection and Transportation of Municipal Solid Waste and extends over a seven-year period.

Jose Jacob, Chairman and Managing Director of Antony Waste Handling Cell Limited, shared insights into this achievement, saying, "The corporation has agreed to shoulder the responsibility for all capital expenditures associated with this project. This will allow us to embrace an asset-light model which will empower us to allocate our capital resources to other upcoming and potential opportunities. We remain committed to our vision of sustainable growth, enabling us to stay agile, efficient, and dedicated to delivering exceptional waste management services while actively seeking expansion opportunities." The successful contract win signifies a pivotal step in the company's journey toward sustainable growth and diversification.

HBL