Antony Waste Handling Cell reported steady operational performance for Q1FY27, with total tonnage managed growing 5.4% year-on-year to approximately 1.40 million tonnes. Core revenue grew by approximately 7%, driven by continued ramp-up in existing contracts and improved throughput across project locations. The company also successfully refinanced a term loan for its material subsidiary, Antony Lara Renewable Energy Private Limited, reducing the interest rate by 200 basis points to 8.25% per annum. Subsequent to the quarter, the Pimpri Chinchwad Waste-to-Energy facility suffered a force majeure event on July 8, 2026, resulting in structural damage and the loss of nine lives.

Operational Performance for Q1FY27

The company managed approximately 1.40 million tonnes of waste during the quarter, reflecting growth across both Collection & Transportation (C&T) and Processing segments. C&T volumes rose 5.1% year-on-year to approximately 0.55 million tonnes, while Processing volumes increased 5.5% to approximately 0.85 million tonnes. The company noted that core revenue growth of around 7% underscores resilient demand despite seasonal and macroeconomic challenges.

Refuse Derived Fuel (RDF) sales stood at approximately 40,000 tonnes, a decline of 28% compared to the corresponding period last year. The company stated this decline was due to the completion of the CIDCO biomining project, which had contributed meaningfully in Q1 FY26. Compost sales remained broadly stable at approximately 6,000 tonnes.

Refinancing of Subsidiary Debt

Antony Waste Handling Cell refinanced the term loan of Antony Lara Renewable Energy Private Limited, which operates the PCMC Waste-to-Energy facility. The refinancing lowered the interest rate from 10.25% per annum to 8.25% per annum. This reduction is expected to lower the interest burden at the subsidiary level, enhance free cash flow generation, and improve overall returns from the asset.

Force Majeure Event at PCMC Facility

On July 8, 2026, the PCMC Waste-to-Energy Facility experienced a force majeure event caused by exceptionally heavy monsoon rainfall. The rainfall destabilised municipal waste in a legacy landfill located outside the facility's boundary, causing the waste mass to collapse onto the site. This collapse resulted in structural damage to the administrative building, where 23 employees were present at the time.

Rescue operations involving the National Disaster Response Force (NDRF), the Indian Army, and local emergency agencies rescued 14 employees. The company confirmed the loss of nine lives in the incident. In response, the company committed to providing financial assistance of ₹25,00,000 to the family of each deceased employee, covering funeral expenses, offering employment to next of kin, and bearing educational expenses for minor children where applicable. The Material Recovery Facility (MRF) and composting plant have resumed operations.

Antony Waste Handling Cell confirmed that nine employees lost their lives after a waste mound collapsed onto the administrative building at its Waste-to-Energy plant in Pimpri Chinchwad, Pune, on July 8, 2026. The incident, triggered by incessant rains causing thousands of tonnes of waste from an adjacent landfill to destabilize, severely damaged the structure where 23 personnel were present. Operations at the Waste-to-Energy plant have been temporarily suspended as a precautionary measure while a structural and safety assessment is carried out, though municipal waste collection and transportation services remain unaffected.

Emergency response teams, including the National Disaster Response Force (NDRF), the Indian Army, the Fire Brigade, and local administration, rescued 14 injured employees who are currently receiving medical treatment and counselling. The company stated that its assets and operations are adequately insured, and the financial impact of the incident is currently under assessment. Antony Waste Handling Cell is cooperating fully with authorities and will update the stock exchanges once the financial implications are ascertained.

Support for affected employees and families

The company announced a comprehensive support package for the victims and their families. All hospital, medical, and counselling expenses for injured employees will be borne by the company. Financial assistance of ₹25,00,000 will be provided to each bereaved family, comprising ex-gratia support and benefits under statutory welfare and insurance schemes.

Senior management is personally meeting each affected family to assist with immediate and long-term needs. A dedicated company representative has been assigned as a single point of contact for every family to handle documentation, insurance claims, and statutory benefits under the oversight of senior management. The disclosure was made to the exchanges in reference to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.