Antony Waste Share Price Surges 7% After ₹3,200 Crore Contract Win

Market Performance

Antony Waste share price rose nearly 7% to ₹635 per share in early trade on Wednesday, August 13.

• 6-Month Performance: Up nearly 7%
• 1-Year Performance: Down about 18%

The latest rally comes after the company announced major project wins in the waste-to-energy sector.

Main News

Antony Waste Handling Cell Ltd., via its subsidiary Antony Lara Enviro Solutions Pvt. Ltd., has bagged two major waste-to-energy (WTE) projects from the Andhra Pradesh New & Renewable Energy Development Corporation Ltd.

• Project Capacity: 15 MW each (Kadapa Cluster & Kurnool Cluster)
• Total Value: Approximately ₹3,200 crore
• Project Timeline: To be completed within 24 months of key project milestones
• Power Purchase Rate: ₹8.10 per unit under a 20-year concession period
• Power Buyer: Andhra Pradesh Southern Power Distribution Company (APSPDCL)

Company Details

• Headquarters: Thane, Maharashtra
• New Market Entry: Southern India via Andhra Pradesh projects
• Business Focus: Integrated waste management & renewable energy generation

The projects mark a major step for the company in expanding its renewable energy footprint and diversifying its revenue streams.

Summary

Antony Waste share price surged after securing ₹3,200 crore worth of waste-to-energy projects in Andhra Pradesh. With a total capacity of 30 MW across two plants, the company aims to boost its role in India’s clean energy transition