Urban Enviro Wins Rs 50.28 Crore Bhilai Contract

03 Jan 2025 CW Team

Comprehensive Service Expansion Urban Enviro offers a wide range of services, including waste collection, segregation, transportation, and disposal. The company’s door-to-door garbage collection services have grown dramatically, now comprising 57% of its total operations in FY24, up from just 10% in FY22. Other services, such as waste transportation, manpower supply, and garbage processing, make up the remainder of the company’s robust offerings.

Rapid Growth and Fleet Expansion From FY22 to FY24, Urban Enviro’s revenue has surged by over five times, driven by capacity increases and fleet growth. The company now manages 2,000 metric tonnes of waste daily, doubling its capacity from 1,000 metric tonnes in FY22. The fleet has been enhanced by the addition of 330 new vehicles, including electric options, improving efficiency and reducing environmental impact.

Geographic Expansion Urban Enviro’s expansion is not limited to operational growth; the company is also increasing its geographical footprint. Chhattisgarh, which accounted for just 4% of the company’s revenue in FY22, now makes up 42%. The company is eyeing further expansion into Tier-2 and Tier-3 cities while consolidating its position in Maharashtra, Rajasthan, Gujarat, and Chhattisgarh.

Stock Performance and Investor Confidence Urban Enviro’s strong financial performance has also been reflected in its stock market success. As of Wednesday at 3 PM, its stock was priced at Rs 653.70, marking a 2% increase. Over the last year, the stock has seen a 63.45% return, with a 25.45% rise in the past month alone, signaling growing investor confidence in its expanding operations.

Serving Diverse Clients The company’s clientele includes municipalities, government bodies, and residential areas. Serving over 6.3 lakh households daily, Urban Enviro continues to expand its footprint, with projects spanning major cities such as Saoner, Jaipur, and Mul, and an ongoing commitment to efficient and sustainable waste management.

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Urban Enviro Waste Management Limited has been awarded a significant work order by Bhilai Municipal Corporation, Chhattisgarh, for waste management services valued at Rs 502.8 million. This one-year contract covers door-to-door garbage collection, drain cleaning, and waste transportation across residential, commercial, and market zones, with an option for extension. The initiative supports Urban Enviro’s mission to create cleaner and healthier communities through sustainable waste management solutions. Comprehensive Service Expansion Urban Enviro offers a wide range of services, including waste collection, segregation, transportation, and disposal. The company’s door-to-door garbage collection services have grown dramatically, now comprising 57% of its total operations in FY24, up from just 10% in FY22. Other services, such as waste transportation, manpower supply, and garbage processing, make up the remainder of the company’s robust offerings. Rapid Growth and Fleet Expansion From FY22 to FY24, Urban Enviro’s revenue has surged by over five times, driven by capacity increases and fleet growth. The company now manages 2,000 metric tonnes of waste daily, doubling its capacity from 1,000 metric tonnes in FY22. The fleet has been enhanced by the addition of 330 new vehicles, including electric options, improving efficiency and reducing environmental impact. Geographic Expansion Urban Enviro’s expansion is not limited to operational growth; the company is also increasing its geographical footprint. Chhattisgarh, which accounted for just 4% of the company’s revenue in FY22, now makes up 42%. The company is eyeing further expansion into Tier-2 and Tier-3 cities while consolidating its position in Maharashtra, Rajasthan, Gujarat, and Chhattisgarh. Stock Performance and Investor Confidence Urban Enviro’s strong financial performance has also been reflected in its stock market success. As of Wednesday at 3 PM, its stock was priced at Rs 653.70, marking a 2% increase. Over the last year, the stock has seen a 63.45% return, with a 25.45% rise in the past month alone, signaling growing investor confidence in its expanding operations. Serving Diverse Clients The company’s clientele includes municipalities, government bodies, and residential areas. Serving over 6.3 lakh households daily, Urban Enviro continues to expand its footprint, with projects spanning major cities such as Saoner, Jaipur, and Mul, and an ongoing commitment to efficient and sustainable waste management.

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