Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

05 Nov 2025 CW Team

EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing revenue grew to Rs 721 million. For H1 FY26, total operating revenue stood at Rs 4.562 crore, reflecting a 15 per cent year-on-year rise.

During the quarter, the company sold around 40,081 tonnes of Refuse Derived Fuel (RDF) and 3,251 tonnes of compost. For the first half of FY26, RDF sales totalled 95,820 tonnes, and compost sales stood at 9,858 tonnes, reinforcing AWHCL’s focus on circular economy and sustainable waste-to-resource initiatives.

In a major development, subsidiary Antony Lara Enviro Solutions Pvt Ltd secured two 15 MW Waste-to-Energy (WtE) projects in Andhra Pradesh from the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd. With a combined concession value of approximately Rs 32 billion over 20 years, two new Special Purpose Vehicles—Kadapa Renew Energy Pvt Ltd and Kurnool Renew Energy Pvt Ltd—have been incorporated to execute these projects.

The company also reported progress on its merger of AG Enviro Infra Projects Pvt Ltd, its largest wholly owned subsidiary, with the listed holding entity. The merger process is now in its final stage following the admission of the Joint Company Scheme Petition by the Hon’ble National Company Law Tribunal, Mumbai Bench.

Commenting on the performance, Jose Jacob, Chairman and Managing Director, Antony Waste Handling Cell Limited, said, “Operational efficiencies and enhanced throughput were the key drivers of our growth this quarter. With new WtE projects and structural integration initiatives, we are well-positioned to sustain momentum and deliver long-term value to all stakeholders.”

AWHCL continues to strengthen its leadership in sustainable urban waste management through disciplined strategy, technological innovation, and expansion into renewable energy-driven waste solutions.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing revenue grew to Rs 721 million. For H1 FY26, total operating revenue stood at Rs 4.562 crore, reflecting a 15 per cent year-on-year rise.During the quarter, the company sold around 40,081 tonnes of Refuse Derived Fuel (RDF) and 3,251 tonnes of compost. For the first half of FY26, RDF sales totalled 95,820 tonnes, and compost sales stood at 9,858 tonnes, reinforcing AWHCL’s focus on circular economy and sustainable waste-to-resource initiatives.In a major development, subsidiary Antony Lara Enviro Solutions Pvt Ltd secured two 15 MW Waste-to-Energy (WtE) projects in Andhra Pradesh from the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd. With a combined concession value of approximately Rs 32 billion over 20 years, two new Special Purpose Vehicles—Kadapa Renew Energy Pvt Ltd and Kurnool Renew Energy Pvt Ltd—have been incorporated to execute these projects.The company also reported progress on its merger of AG Enviro Infra Projects Pvt Ltd, its largest wholly owned subsidiary, with the listed holding entity. The merger process is now in its final stage following the admission of the Joint Company Scheme Petition by the Hon’ble National Company Law Tribunal, Mumbai Bench.Commenting on the performance, Jose Jacob, Chairman and Managing Director, Antony Waste Handling Cell Limited, said, “Operational efficiencies and enhanced throughput were the key drivers of our growth this quarter. With new WtE projects and structural integration initiatives, we are well-positioned to sustain momentum and deliver long-term value to all stakeholders.”AWHCL continues to strengthen its leadership in sustainable urban waste management through disciplined strategy, technological innovation, and expansion into renewable energy-driven waste solutions.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..