Market Performance
Antony Waste Handling shares jumped over 17% to ₹510 on December 18, following the announcement of two major municipal contracts in Mumbai. The gain marks a strong rebound after the stock had slipped nearly 20% in 2025, reflecting renewed investor confidence.
Main News
The company’s material subsidiary, AG Enviro Infra Projects Private Limited, has been awarded two significant Collection & Transportation (C&T) contracts by the Brihanmumbai Municipal Corporation (BMC).
- Total contract value: ₹1,330 crore
- Contract 1: ₹684 crore
- Contract 2: ₹646 crore
- Tenure: Seven years
- Purpose: Collection and transportation of municipal solid waste across key Mumbai wards
These contracts are structured as a joint venture, with ownership split as:
- AG Enviro Infra Projects Private Limited – 51%
- M/s. Jigar Transport Company – 29%
- M/s. M. K. Enterprises – 20%
The contracts cover approximately 1,250 metric tonnes per day (MTPD) of municipal solid waste:
- 650 MTPD from A, B, C, D Wards
- 600 MTPD from N, S, T Wards
Company Details
Jose Jacob, Chairman & Managing Director of Antony Waste Handling, expressed his satisfaction:
Securing these two substantial contracts from BMC reinforces our leadership in executing large-scale municipal waste operations across India’s urban markets. Mumbai remains a cornerstone geography for our group, and this win strengthens our long-term partnership with the city. The seven-year contracts enhance revenue visibility and support our strategy of building a resilient management portfolio.
The contracts are expected to provide stable long-term revenue visibility while enhancing the company’s ability to deliver sustainable growth and value for stakeholders.
Summary
Antony Waste Handling’s latest contracts with BMC mark a significant milestone for the company. With seven-year tenure projects covering over 1,250 MTPD of municipal solid waste, the stock saw a 17% jump to ₹510, highlighting market recognition of its strong urban operations and long-term growth prospects.
