Antony Waste Unit Wins Rs 13.3 Billion BMC Contracts

22 Dec 2025 CW Team

The contracts have been awarded to a consortium comprising AG Enviro Infra Projects with a 51 per cent stake, Jigar Transport Company holding 29 per cent, and M. K. Enterprises with 20 per cent. Each contract has a tenure of seven years and covers the collection and transportation of municipal solid waste to designated landfill sites using newly owned vehicles.

Under the first contract, the consortium will manage the collection and transportation of around 650 metric tonnes per day of municipal solid waste from Mumbai’s A, B, C and D wards. This contract is valued at approximately Rs 6.84 billion over the seven-year period. The second contract involves handling about 600 metric tonnes per day from the N, S and T wards and is valued at roughly Rs 6.46 billion for the same duration. Together, the two contracts cover nearly 1,250 metric tonnes per day across key wards of Mumbai.

Antony Waste Handling Cell said neither the promoter nor the promoter group has any interest in the awarding authority, and the contracts do not constitute related party transactions. The company added that the agreements provide long-term revenue visibility over the concession period and strengthen its subsidiary’s presence in large-scale urban waste management projects in Mumbai.

Jose Jacob, Chairman and Managing Director of Antony Waste Handling Cell, said the contracts reinforce the group’s leadership in executing large-scale municipal waste operations across India’s urban markets. He added that Mumbai remains a core geography for the group and that the seven-year tenure enhances revenue visibility while supporting sustainable growth and long-term value creation.

Shares of Antony Waste Handling Cell ended at Rs 432.20, down Rs 1.45, or 0.34 per cent, on the BSE.

Leading integrated solid waste management firm Antony Waste Handling Cell Ltd said its material subsidiary AG Enviro Infra Projects Private Ltd has secured two municipal solid waste collection and transportation contracts from the Brihanmumbai Municipal Corporation, with a combined value of about Rs 13.30 billion. The contracts have been awarded to a consortium comprising AG Enviro Infra Projects with a 51 per cent stake, Jigar Transport Company holding 29 per cent, and M. K. Enterprises with 20 per cent. Each contract has a tenure of seven years and covers the collection and transportation of municipal solid waste to designated landfill sites using newly owned vehicles. Under the first contract, the consortium will manage the collection and transportation of around 650 metric tonnes per day of municipal solid waste from Mumbai’s A, B, C and D wards. This contract is valued at approximately Rs 6.84 billion over the seven-year period. The second contract involves handling about 600 metric tonnes per day from the N, S and T wards and is valued at roughly Rs 6.46 billion for the same duration. Together, the two contracts cover nearly 1,250 metric tonnes per day across key wards of Mumbai. Antony Waste Handling Cell said neither the promoter nor the promoter group has any interest in the awarding authority, and the contracts do not constitute related party transactions. The company added that the agreements provide long-term revenue visibility over the concession period and strengthen its subsidiary’s presence in large-scale urban waste management projects in Mumbai. Jose Jacob, Chairman and Managing Director of Antony Waste Handling Cell, said the contracts reinforce the group’s leadership in executing large-scale municipal waste operations across India’s urban markets. He added that Mumbai remains a core geography for the group and that the seven-year tenure enhances revenue visibility while supporting sustainable growth and long-term value creation. Shares of Antony Waste Handling Cell ended at Rs 432.20, down Rs 1.45, or 0.34 per cent, on the BSE.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..