JITF Infralogistics Subsidiaries Secure INR 750 Crore Waste-to-Energy Projects in Andhra Pradesh
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.
Historical Stock Returns for JITF Infralogistics
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-2.00% | +4.97% | -19.30% | +0.93% | -60.76% | +3,644.09% |