Antony Waste Handling Cell Ltd Share Price – NSE  / BSE

Miscellaneous, Small Cap

Antony Waste Handling Cell announced a strategic partnership with Japan-based JFE Engineering Corporation for two (2) Waste to Energy plants in Andhra Pradesh. This marks the first Japanese foreign direct investment (FDI) into India's Waste-to-Energy (WTE) sector and JFE Engineering Corporation's entry into India's waste management market.

As part of the partnership, JFE Engineering will invest approximately ?750 million to acquire a 25% equity stake in Antony Waste's Waste to-Energy two (2) special purpose vehicle(s) (SPVs), with the remaining 75% held by Antony Waste.

Further, JFE Engineering India will undertake the Engineering, Procurement and Construction of both Waste to Energy plants. The investment is being made specifically into the SPVs developing the Kadapa and Kurnool Waste-to-Energy projects in Andhra Pradesh, reinforcing a project-level partnership structure aligned with long-term execution and value creation.

This investment marks a significant milestone in the India-Japan strategic partnership on sustainable infrastructure, aligned with the broader India-Japan Joint Vision 2025, which targets ?10 trillion of Japanese investment into India's priority sectors.

In a regulatory filing made during market hours today, the company said that Antony Lara Enviro Solutions has entered into share subscription agreement and shareholders? agreement with JFE Engineering Corporation, Japan, for an investment of over 750 million yen in two special purpose vehicles (SPVs), namely Kadapa Renew Energy and Kurnool Renew Energy.

The aforementioned SPVs have been incorporated for setting up of two waste-to-energy (WtE) projects in Andhra Pradesh.

The proposed investment shall be made through a primary issuance of shares by the aforesaid SPVs, pursuant to which JFE Engineering Corporation will acquire a minority equity stake of 25% in each of the SPVs.

Antony Waste Handling Cell is engaged in the business of mechanical power sweeping of the roads and collection & transportation of municipal solid waste.

The company had reported 27.03% fall in consolidated net profit to Rs 11.50 crore despite an 8.12% rise in revenue to Rs 262.44 crore in Q3 FY26 as compared with Q3 FY25.

Antony Lara Enviro Solutions (Antony Lara), a material subsidiary of Antony Waste Handling Cell, has approved and entered into Share Subscription Agreement and Shareholders' Agreement with JFE Engineering Corporation, Japan (JFE) for an investment over ? 750 Million in two Special Purpose Vehicles (SPVs), namely Kadapa Renew Energy and Kurnool Renew Energy, incorporated for setting up of two Waste-to-Energy Project in Andhra Pradesh.

The proposed investment shall be made through a primary issuance of shares by the aforesaid SPVs, pursuant to which JFE Engineering Corporation will acquire a minority equity stake of 25% in each of the SPVs. Presently, both the SPVs are wholly owned subsidiaries of Antony Lara.

Upon consummation of the transaction, the shareholding structure of the SPVs shall be 75% held by Antony Lara and 25% by JFE, and accordingly, the SPVs shall cease to be wholly owned subsidiaries of Antony Lara. The investment in both the SPVs will be made by Antony Lara and JFE in the aforesaid ratio.

Net profit of Antony Waste Handling Cell declined 27.03% to Rs 11.50 crore in the quarter ended December 2025 as against Rs 15.76 crore during the previous quarter ended December 2024. Sales rose 8.12% to Rs 262.44 crore in the quarter ended December 2025 as against Rs 242.74 crore during the previous quarter ended December 2024.

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