Antony Waste Handling Cell trades jubilantly as its arm gets LoI from NDMC
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Antony Waste Handling Cell is currently trading at Rs. 321.40, up by 27.75 points or 9.45% from its previous closing of Rs. 293.65 on the BSE.
The scrip opened at Rs. 338.00 and has touched a high and low of Rs. 338.00 and Rs. 318.40 respectively. So far 33290 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 492.75 on 01-Jan-2021 and a 52 week low of Rs. 241.00 on 01-Apr-2021.
Last one week high and low of the scrip stood at Rs. 338.00 and Rs. 282.00 respectively. The current market cap of the company is Rs. 907.17 crore.
The promoters holding in the company stood at 46.23%, while Institutions and Non-Institutions held 17.71% and 36.07% respectively.
Antony Waste Handling Cell’s material subsidiary -- AG Enviro Infra Projects (AG Enviro) has received letter of intent (LoI ) for contract namely ‘Door to Door Collection and Transportation of Municipal Solid Waste to Disposal Site and Operation & Maintenance of Equipment/Machineries’ from City - Sadar Paharganj Zone of North Delhi Municipal Corporation (NDMC). AG Enviro has been associated with NDMC for the last 16 years in the business of Municipal Solid Waste Management. This contract is for a period of ten years for the Collection and Transportation of 1,000 TPD.
The contract has a dual revenue model in form of User Fee Collection along with C&T project revenue. The user fee collection will be shared between NDMC and AG Enviro in the ratio of 85:15 respectively. In the User Fee Collection revenue model, waste generators will be charged fees by the operator for door-to-door collection and transportation of solid waste from households, commercial shops/establishments, and bulk waste generators. A portion of the capex will be provided by NDMC and the balance will be funded by AG Enviro.
Antony Waste Handling Cell is one of the top five players in the Indian MSW (municipal solid waste) management industry with an established track record of many years, providing full spectrum of MSW services.
