Antony Waste zooms on partnering with JFE Engineering Corporation
Antony Waste Handling Cell is currently trading at Rs. 510.80, up by 64.70 points or 14.50% from its previous closing of Rs. 446.10 on the BSE.
The scrip opened at Rs. 451.60 and has touched a high and low of Rs. 514.00 and Rs. 451.60 respectively. So far 133200 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 692.05 on 30-Jun-2025 and a 52 week low of Rs. 373.70 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 514.00 and Rs. 413.00 respectively. The current market cap of the company is Rs. 1443.09 crore.
The promoters holding in the company stood at 46.09%, while Institutions and Non-Institutions held 15.50% and 38.41% respectively.
Antony Waste Handling Cell has entered into a strategic partnership with Japan-based JFE Engineering Corporation for two Waste to Energy plants in Andhra Pradesh. This marks the first Japanese foreign direct investment (FDI) into India’s Waste-to-Energy (WTE) sector and JFE Engineering Corporation’s entry into India’s waste management market.
As part of the partnership, JFE Engineering will invest around 750 million Japanese Yen to acquire a 25% equity stake in the company’s Wasteto-Energy two special purpose vehicle(s) (SPVs), with the remaining 75% held by the company. Further, JFE Engineering India will undertake the Engineering, Procurement and Construction of both Waste to Energy plants.
The partnership includes the development of two Waste-to-Energy plants in Andhra Pradesh (Kadapa and Kurnool) with aim to generate around 15 MW power per plant. These projects are estimated to generate revenue of around Rs 3,200 crore over 20 years of concession period. The company will finance of these projects with 75% debt and 25% equity. Construction of both projects are expected to be completed in 24 months, with commissioning targeted for Q1 FY29.
The investment is being made specifically into the SPVs developing the Kadapa and Kurnool Waste-to-Energy projects in Andhra Pradesh, reinforcing a project-level partnership structure aligned with long-term execution and value creation.
