Antony Waste Handling Cell Limited announced that its subsidiary, Antony Lara Enviro Solutions Private Limited, has secured a major waste management contract from Thane Municipal Corporation (TMC). The contract, valued at approximately ₹329.45 crore, represents a significant milestone in the company's expansion of its municipal infrastructure portfolio.

Contract Details and Scope

The project involves the establishment of a 600-800 TPD (Tonnes Per Day) mixed solid waste processing plant on a Design, Build, Operate and Transfer (DBOT) basis. The facility will be constructed on TMC-owned land at Atkoli, Taluka Bhiwandi in Maharashtra.

Project Implementation and Financial Structure

The scope of work encompasses the complete setup of a Material Recovery Facility (MRF) for segregation of mixed solid waste. This includes design, engineering, construction, commissioning, and comprehensive operation and maintenance of the facility for the entire 10-year period.

The total project capital expenditure of ₹67.00 crore will be reimbursed by Thane Municipal Corporation upon achievement of prescribed milestones, in accordance with the terms and conditions of the tender document. This milestone-based reimbursement structure ensures systematic project execution and risk mitigation.

Management Commentary

Jose Jacob, Chairman Managing Director of Antony Waste Handling Cell Limited, expressed satisfaction with the contract award, stating that the project represents a meaningful step in the continued expansion of their long-term municipal infrastructure portfolio. He emphasized that building on their established collection and transportation operations, this project further strengthens their relationship with Thane Municipal Authority, reflecting the trust placed in their execution capabilities and operational track record.

Jacob highlighted that the project leverages their integrated expertise across waste processing and resource recovery for efficient sustainable outcomes. The long-term nature of the contract enhances revenue visibility, aligning with their strategic objective of creating sustained value creation over the long term.

Strategic Significance

This contract award demonstrates the continued confidence placed by municipal authorities in the company's proven execution capabilities, operational excellence, and integrated approach across the solid waste management value chain. The project strengthens the company's position in Maharashtra's waste management sector and adds to its portfolio of municipal partnerships.

The DBOT model ensures comprehensive project ownership from design through transfer, allowing the company to leverage its full spectrum of capabilities in municipal solid waste management. With over two decades of experience and partnerships with more than 23 Municipal Corporations, Antony Waste Handling Cell continues to expand its footprint in India's growing waste management sector.

Antony Waste Handling Cell has announced a significant business development with one of its units securing a substantial contract worth approximately ₹329 crores. This contract win represents a notable achievement for the waste management company and highlights its competitive positioning in the sector.

Contract Details

The company has disclosed that the contract value stands at approximately ₹329 crores, marking a substantial addition to its business portfolio. This development showcases the company's ability to secure large-scale contracts in the waste handling industry.

Business Impact

This contract award represents a significant milestone for Antony Waste Handling Cell, demonstrating the company's capability to compete effectively for major projects in the waste management sector. The substantial value of the contract indicates the scale and importance of the project, which could contribute meaningfully to the company's future revenue streams.

The successful securing of this contract reflects the company's established presence in the waste handling industry and its ability to meet the requirements of large-scale waste management projects. Such contract wins are typically indicative of a company's operational capabilities and market reputation.

Market Position

The contract award reinforces Antony Waste Handling Cell's position as a significant player in India's waste management industry. Large-value contracts such as this one often require companies to demonstrate substantial operational capacity, technical expertise, and financial stability, suggesting the company's strong credentials in these areas.