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Antony Waste Handling's Share Price Surges 10% on ₹3,200-cr Order
ByAinvest
Wednesday, Aug 13, 2025 3:26 am ET1min read
Antony Waste Handling's share price rose 9.75% to ₹635.20 after its material subsidiary secured two orders worth ₹3,200 crore from the New & Renewable Energy Development Corporation of Andhra Pradesh Limited. The contracts involve developing 15 MW waste-to-energy plants in Kadapa and Kurnool, with construction periods of 24 months and overall concession periods of 20 years.
Antony Waste Handling Cell Limited's share price surged by 9.75% to ₹635.20 on July 2, 2025, following the announcement that its material subsidiary, Antony Lara Enviro Solutions Private Limited, had secured two significant Waste-to-Energy (WTE) projects in Kadapa and Kurnool, Andhra Pradesh. The contracts, worth ₹3,200 crore in total, involve the development of 15 MW waste-to-energy plants at each location [2].The projects, awarded by the New & Renewable Energy Development Corporation of Andhra Pradesh Limited (NREDCAP), will feature Material Recovery Facilities (MRFs) to process mixed municipal solid waste, automated sorting for recyclables, and high-efficiency incineration units for non-recyclable waste. Each project is expected to take approximately 24 months to construct, with a concession period of 20 years [2].
The successful acquisition of these projects is a significant milestone for Antony Waste Handling Cell, expanding its renewable energy portfolio to around 44 MW and marking its entry into Southern India. The company's expertise in sustainable waste management is further reinforced by these developments [2].
The share price increase reflects investor confidence in the company's ability to execute these projects and contribute to India's renewable energy capacity targets under the Swachh Bharat Mission. The projects are expected to divert significant volumes of waste from landfills, reduce methane and CO₂ emissions, and contribute to the company's growth [2].
References:
[1] https://www.indmoney.com/us-stocks/intel-corporation-share-price-intc
[2] https://www.angelone.in/news/market-updates/anthony-waste-handling-cell-share-price-jumps-over-5-on-3-200-crore-waste-to-energy-projects
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