Antony Waste Handling Cell Limited (AWHCL), a prominent player in the solid waste management sector, is making significant strides in the waste-to-energy domain with the establishment of new subsidiaries. The company has recently announced the creation of two new entities to spearhead its waste-to-energy projects in different regions of India.

Kurnool Renew Energy Private Limited

AWHCL has established a new subsidiary called Kurnool Renew Energy Private Limited for a waste-to-energy project. This strategic move underscores the company's commitment to expanding its footprint in the renewable energy sector. Antony Lara Enviro Solutions, a material subsidiary of AWHCL, holds a substantial 73.00% stake in this newly created entity, highlighting the company's significant investment in this venture.

Kadapa Renew Energy Private Limited

In a related development, AWHCL's material subsidiary, Antony Lara Enviro Solutions Private Limited, has incorporated another Special Purpose Vehicle (SPV) named Kadapa Renew Energy Private Limited. This step-down subsidiary was formed in accordance with the requirements of a ~15-MW Waste to Energy Project awarded by the New & Renewable Energy Development Corporation of Andhra Pradesh Limited.

Project Details and Shareholding

The Kadapa Renew Energy project aims at "Processing of MSW waste through Material Recovery Facility and incinerate waste in Waste to Energy Facility." This aligns with AWHCL's core competency in solid waste management while venturing into the energy generation aspect.

Antony Waste Handling Cell Limited effectively holds a 73.00% stake in Kadapa Renew Energy Private Limited through its ownership in Antony Lara Enviro Solutions. This majority stake ensures that AWHCL maintains significant control over the operations and direction of these new waste-to-energy initiatives.

Strategic Expansion

These new subsidiaries represent AWHCL's strategic expansion into the waste-to-energy sector, diversifying its portfolio beyond traditional waste management services. By leveraging its expertise in solid waste management and venturing into energy production from waste, the company is positioning itself at the forefront of sustainable waste management solutions in India.

The establishment of these subsidiaries not only demonstrates AWHCL's commitment to innovation in waste management but also aligns with the growing emphasis on renewable energy sources in India. As these projects develop, they have the potential to contribute significantly to both waste reduction and clean energy production in their respective regions.

Antony Waste Handling Cell Limited's move into the waste-to-energy sector through these new subsidiaries marks a significant step in the company's growth strategy, potentially opening up new revenue streams and reinforcing its position in the evolving landscape of waste management and renewable energy in India.

Antony Waste Handling Cell Limited (AWHCL), a prominent player in the solid waste management sector, has taken a significant step towards expanding its presence in the renewable energy market. The company recently announced the incorporation of a new step-down subsidiary, Kadapa Renew Energy Private Limited, to spearhead a 15 MW waste-to-energy project in Andhra Pradesh.

New Subsidiary Formation

Kadapa Renew Energy Private Limited was incorporated on September 1, 2025, as a Special Purpose Vehicle (SPV) by Antony Lara Enviro Solutions Private Limited, a material subsidiary of AWHCL. This strategic move aligns with the company's ambition to diversify its operations and capitalize on the growing demand for sustainable energy solutions.

Project Details

The newly formed subsidiary will be responsible for executing a project titled "Processing of MSW waste through Material Recovery Facility and incinerate waste in Waste to Energy Facility." This initiative was awarded by the New & Renewable Energy Development Corporation of Andhra Pradesh Limited, highlighting the state's commitment to innovative waste management and renewable energy generation.

Ownership Structure

AWHCL holds a 73% equity stake in Antony Lara Enviro Solutions Private Limited, which in turn wholly owns Kadapa Renew Energy Private Limited. This ownership structure effectively translates to AWHCL holding a 73% stake in the new step-down subsidiary, ensuring significant control over the project's development and operations.

Strategic Implications

This venture into waste-to-energy represents a strategic expansion for Antony Waste Handling Cell Limited. By leveraging its expertise in solid waste management, the company is positioning itself to play a crucial role in India's renewable energy sector. The 15 MW project not only contributes to sustainable waste management practices but also aligns with the country's goals for increasing clean energy production.

Regulatory Compliance

The company has duly informed the stock exchanges about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and potential investors are kept informed about significant corporate actions that may impact the company's future performance.

As Kadapa Renew Energy Private Limited prepares to commence its operations, the waste-to-energy project is expected to contribute to AWHCL's growth trajectory and strengthen its position in the environmental services sector. The successful implementation of this project could pave the way for similar initiatives, further solidifying Antony Waste's role in India's sustainable development landscape.