Antony Waste Gains After Subsidiary Secures Investment For Andhra WtE Projects

13 Apr 2026 CW Team

Shares of Antony Waste Handling Cell rose by six point zero five per cent to Rs 445.80 after the company announced that its subsidiary, Antony Lara Enviro Solutions, had secured an investment of over 750 million (mn) yen for setting up two waste-to-energy projects in Andhra Pradesh. The move was disclosed in a regulatory filing made during market hours. The stock rise reflected investor response to the strategic tie-up.

Antony Lara Enviro Solutions entered into a share subscription agreement and a shareholders agreement with JFE Engineering Corporation of Japan for the proposed infusion into two special purpose vehicles, Kadapa Renew Energy and Kurnool Renew Energy. The investment is to be made through a primary issuance of shares by the SPVs, pursuant to which JFE Engineering Corporation will acquire a minority equity stake of 25 per cent in each vehicle. The SPVs have been incorporated specifically for development of the waste-to-energy projects.

Antony Waste Handling Cell is engaged in mechanical power sweeping of roads and in the collection and transportation of municipal solid waste, and the projects are aimed at converting municipal waste into energy. The arrangements with JFE are expected to bring technical collaboration and capital to the project entities, enabling project execution in the state. The announcement positions the group to expand its participation in the waste-to-energy sector.

In its filing the company also reported a 27.03 per cent fall in consolidated net profit to Rs 115.0 mn despite an 8.12 per cent rise in revenue to Rs 2.62 billion (bn) in the third quarter of fiscal year 2026 compared with the third quarter of the prior year. The figures underline near-term pressures on profitability even as top line improved. The capital infusion is likely to support project delivery and future earnings potential.

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