JITF Infralogistics Subsidiaries Secure INR 750 Crore Waste-to-Energy Projects in Andhra Pradesh

1 min read     Updated on 10 Oct 2025, 03:40 PM
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Overview

JITF Infralogistics Limited's subsidiaries have signed concession agreements for two waste-to-energy plants in Andhra Pradesh. Jindal Urban Waste Management (Nellore) Limited will develop a 12 MW plant in Nellore for INR 320 crore, while Jindal Urban Waste Management (Kakinada) Limited will construct a 15 MW plant in the Kakinada-Rajahmundry Cluster for INR 430 crore. The total investment of INR 750 crore will result in a combined 27 MW waste-to-energy capacity. The agreements were signed with Swachh Andhra Corporation, aligning with India's sustainable development and waste management goals.

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JITF Infralogistics Limited has announced significant developments in its renewable energy portfolio, with two of its subsidiaries signing concession agreements for waste-to-energy plants in Andhra Pradesh. The agreements, valued at a combined INR 750.00 crore, mark a substantial step in the company's commitment to sustainable energy solutions.

Project Details

Subsidiary Project Location Capacity Project Value
Jindal Urban Waste Management (Nellore) Limited Nellore, Andhra Pradesh 12 MW INR 320.00 crore
Jindal Urban Waste Management (Kakinada) Limited Kakinada-Rajahmundry Cluster, Andhra Pradesh 15 MW INR 430.00 crore

Key Highlights

  • Agreement Signing: Both subsidiaries signed the concession agreements with Swachh Andhra Corporation.
  • Total Investment: The combined project value stands at INR 750.00 crore, showcasing a significant investment in renewable energy infrastructure.
  • Capacity: The two plants will have a total waste-to-energy capacity of 27 MW, contributing to the state's clean energy goals.

Strategic Implications

These agreements represent a strategic move by JITF Infralogistics to expand its presence in the waste management and renewable energy sectors. The projects align with India's push towards sustainable development and effective waste management solutions.

The waste-to-energy plants are expected to address two critical issues simultaneously: waste management and renewable energy generation. By converting waste into energy, these projects will help reduce landfill usage while providing a source of clean electricity.

Regulatory Compliance

JITF Infralogistics Limited has duly informed the stock exchanges about these developments, 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 business activities that may impact the company's performance.

As these projects progress, they are likely to contribute to JITF Infralogistics' growth in the renewable energy sector and potentially impact its financial performance in the coming years. Stakeholders will be keen to monitor the execution and operational phases of these waste-to-energy plants, as they could set a precedent for similar projects in other parts of the country.

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JITF Infralogistics Appoints New Secretarial Auditor, Plans Office Relocation, and Reports Q1 FY26 Results

2 min read     Updated on 13 Aug 2025, 06:04 PM
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Overview

JITF Infralogistics reported Q1 FY26 results with standalone profit after tax increasing to ₹7.38 lakhs from ₹4.96 lakhs in Q1 FY25. Consolidated revenue rose to ₹55,016.44 lakhs, but net loss widened to ₹470.85 lakhs. The company appointed M/s S. Bhawani Shankar Associates as Secretarial Auditor for five years and plans to relocate its registered office from Chhattisgarh to Uttar Pradesh. The 18th Annual General Meeting is scheduled for September 30, 2025.

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JITF Infralogistics Limited , a key player in the infrastructure sector, has announced significant corporate changes and released its financial results for the first quarter of the fiscal year 2025-26. The company's Board of Directors made several important decisions during their meeting held on August 13, 2025.

New Secretarial Auditor Appointment

The Board has approved the appointment of M/s S. Bhawani Shankar Associates as the company's Secretarial Auditor for a period of five consecutive years, effective from the financial year 2025-26. This appointment is subject to shareholder approval at the upcoming annual general meeting. S. Bhawani Shankar & Associates is known for providing professional corporate advisory and secretarial services across various domains including Corporate Laws, Securities Laws, and Foreign Exchange Laws.

Planned Relocation of Registered Office

In a strategic move, JITF Infralogistics has decided to shift its registered office from the state of Chhattisgarh to Uttar Pradesh. This decision, which will require shareholder approval and other necessary clearances, also involves consequent changes to Clause II of the company's Memorandum of Association.

Q1 FY26 Financial Performance

For the quarter ended June 30, 2025, JITF Infralogistics reported the following standalone financial results:

Particulars Q1 FY26 (₹ in Lakhs) Q1 FY25 (₹ in Lakhs)
Revenue from Operations 82.07 83.77
Total Income 82.07 83.77
Total Expenses 72.21 77.15
Profit Before Tax 9.86 6.62
Profit After Tax 7.38 4.96

The company's standalone performance shows a slight decrease in revenue from operations compared to the same quarter last year. However, JITF Infralogistics managed to improve its profitability, with profit after tax increasing from ₹4.96 lakhs in Q1 FY25 to ₹7.38 lakhs in Q1 FY26.

Consolidated Financial Highlights

On a consolidated basis, JITF Infralogistics and its subsidiaries reported:

Particulars Q1 FY26 (₹ in Lakhs) Q1 FY25 (₹ in Lakhs)
Revenue from Operations 55,016.44 46,498.39
Total Income 55,963.63 47,273.56
Total Expenses 54,530.24 46,159.80
Profit/(Loss) Before Tax 1,429.34 1,116.91
Profit/(Loss) After Tax (470.85) (36.79)

The consolidated results show a significant increase in revenue from operations, rising from ₹46,498.39 lakhs in Q1 FY25 to ₹55,016.44 lakhs in Q1 FY26. However, despite higher revenues, the company reported a larger net loss of ₹470.85 lakhs compared to a loss of ₹36.79 lakhs in the same quarter last year.

Segment Performance

The company's segment-wise performance for Q1 FY26 is as follows:

  1. Water Infrastructure: Revenue of ₹44,329.51 lakhs
  2. Urban Infrastructure: Revenue of ₹10,686.93 lakhs

It's worth noting that the Rail Freight Wagon segment, which was previously a part of JITF Infralogistics' portfolio, was divested to Texmaco Rail & Engineering Limited on September 3, 2024.

Corporate Governance and Compliance

JITF Infralogistics continues to maintain high standards of corporate governance. The company has scheduled its 18th Annual General Meeting for September 30, 2025, to be held in Raipur, Chhattisgarh. Shareholders will be provided with electronic voting facilities, with the e-voting period set from September 27 to September 29, 2025.

As JITF Infralogistics navigates through these corporate changes and financial challenges, stakeholders will be keenly watching how the company's strategic decisions, including the office relocation and new auditor appointment, will impact its future performance and market position in the infrastructure sector.

Historical Stock Returns for JITF Infralogistics

1 Day5 Days1 Month6 Months1 Year5 Years
-2.00%+4.97%-19.30%+0.93%-60.76%+3,644.09%
JITF Infralogistics
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