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.

Equipment

25 May 2026

MANN+HUMMEL Opens Tumkur Innovation Centre

MANN+HUMMEL, a global leader in filtration solutions, today announced the launch of its new state-of-the-art Global Technology & Innovation Center in Tumkur, Karnataka, marking a significant milestone in its global growth strategy. Positioned as MANN+HUMMEL’s largest development center outside Germany, the facility reinforces India’s role as a critical hub for engineering, innovation, and advanced filtration technologies.The Tumkur facility is designed to accelerate global product development and customer-centric innovation by integrating advanced research labs, testing infrastructure,..

SPML Infra Secures Rs 1.65 Billion Rajasthan Grid Project

SPML Infra has secured a Rs 1.65 billion contract from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL) for the construction of a 400 kV grid sub-station and associated transmission infrastructure at Dahra in Kota, Rajasthan.The project, scheduled for completion within 24 months, strengthens the company’s presence in the high-voltage power transmission segment and supports Rajasthan’s expanding energy infrastructure.The scope of work includes supply, erection, testing and commissioning of the 400 kV grid sub-station with one 500 MVA autotransformer bay, a 420 kV 125 MVAR bus-type shu..

The Phoenix Mills Rebrands Pune Mall as Phoenix Avenue of Stars

The Phoenix Mills (PML) has rebranded Phoenix MarketCity Pune as Phoenix Avenue of Stars, marking a new phase in the evolution of one of Pune’s leading retail and lifestyle destinations. The transformation reflects PML’s strategy of upgrading and premiumising its assets in response to changing consumer preferences and evolving urban consumption trends. Over the years, the destination has emerged as a major retail and leisure hub in Pune. The new identity introduces enhanced architecture, upgraded customer touchpoints and a stronger premium retail positioning aligned with the scale and st..