Antony Waste Handling Cell Ltd Subsidiary Secures Major Municipal Solid Waste (MSW) Contracts Worth ₹1,330 Crore from BMC

Executive Summary Antony Waste Handling Cell Ltd has announced that its material subsidiary, AG Enviro Infra Projects Private Ltd, has successfully secured two significant contracts for the collection and transportation of municipal solid waste from the Brihanmumbai Municipal Corporation (BMC). The cumulative value of these contracts is approximately ₹1,330 crore, spanning a tenure of seven years. Contract Structure & Consortium Details The projects were awarded to a consortium led by the company's subsidiary. The shareholding structure is as follows: AG Enviro Infra Projects Pvt Ltd: 51% stake Jigar Transport Company: 29% stake M. K. Enterprises: 20% stake Operational Scope & Financials The contracts involve the deployment of new vehicles for the collection and transportation of waste to designated landfill sites. Contract I (City Wards A, B, C, D): Value: ~₹684 Crore Volume: ~650 Metric Tonnes Per Day (TPD) Contract II (Eastern Suburb Wards N, S, T): Value: ~₹646 Crore Volume: ~600 Metric Tonnes Per Day (TPD) Total Scope: Handling of approximately 1,250 TPD of municipal solid waste across key Mumbai zones. Strategic Impact Revenue Visibility: The seven-year concession period provides strong long-term revenue visibility and cash flow stability. Market Leadership: This win reinforces Antony Waste’s dominance in large-scale urban waste management in India and strengthens its long-standing partnership with the BMC. Compliance: The company confirmed that these contracts do not fall under related party transactions, and the promoter group has no interest in the awarding authority. Management Commentary Mr. Jose Jacob, CMD of Antony Waste, stated: "This award reinforces our leadership in executing large-scale municipal waste operations... The seven-year contracts enhance revenue visibility and support our strategy of building a resilient management portfolio."