Antony Waste Handling share price

Antony Waste Lands ₹908 Crore Contract—Big Win with Navi Mumbai Municipal Corporation

Antony Waste Handling Cell, a key player in India’s waste management sector, is making headlines after its subsidiary secured a ₹908 crore contract from the Navi Mumbai Municipal Corporation (NMMC). This significant win comes as the company’s share price continues to surge, marking an impressive one-year return of 86%. The stock touched a 52-week high of ₹902.25 on July 26, 2024, and a 52-week low of ₹354.70 on October 26, 2023.

A Game-Changing Contract for Sustainable Growth

AG Enviro Infra Projects, a wholly owned subsidiary of Antony Waste, has successfully bagged a contract worth ₹908 crore for the Door-to-Door Collection and Transportation (C&T) of Municipal Solid Waste (MSW) in Navi Mumbai. This project, in partnership with NMMC, spans a concession period of nine years, solidifying Antony Waste’s presence in the waste management industry while driving sustainable development in one of Maharashtra’s most dynamic cities.

Jose Jacob, Chairman & Managing Director of Antony Waste Handling Cell, emphasized the importance of this partnership:
“Our relationship with NMMC over the last 15 years has been built on innovation and a shared commitment to meeting the city’s evolving waste management needs. This new contract is a testament to our collaborative success and highlights NMMC’s top ranking in the Swachh Bharat mission. Together, we are paving the way for sustainable growth in Navi Mumbai.”

Antony Waste’s Stock Performance: Riding High on Contract Wins

The announcement of this contract has led to an 8% surge in Antony Waste Handling’s share price during early trade on October 7, 2024. Investors are bullish on the company, and for good reason. After hitting a 52-week high of ₹902.25 in July 2024 and a low of ₹354.70 in October 2023, the stock is currently trading 22.53% below its high but is a stunning 97.05% above its low.

With the stock price up 86% over the past year, Antony Waste Handling has proven to be a strong performer, attracting significant interest from both institutional and retail investors. Antony Waste Handling share price, The company’s ability to secure large contracts like the one with NMMC positions it as a top player in India’s growing waste management industry.

Strengthening Antony Waste’s Market Leadership

Antony Waste’s partnership with NMMC reflects the company’s strategic vision for long-term growth and its dedication to advancing waste management solutions that meet modern environmental challenges. This latest win further solidifies its leadership in the market and enhances its reputation as a sustainable and innovative enterprise.

Conclusion:

Antony Waste Handling’s recent ₹908 crore contract with the Navi Mumbai Municipal Corporation marks a new chapter in the company’s continued success in waste management. This win, Antony Waste Handling share price, coupled with the stock’s 86% surge over the past year, highlights Antony Waste’s strong market position and its commitment to sustainable growth. As the company continues to innovate and collaborate with key partners like NMMC, it remains well-positioned to lead the way in waste management solutions across India.

FAQs:

1.What is Antony Waste Handling’s latest contract about?

A. Antony Waste Handling secured a ₹908 crore contract for Municipal Solid Waste (MSW) Collection and Transportation in Navi Mumbai.

2.How has Antony Waste Handling’s stock performed in 2024?

A. The company’s stock has surged by 86% over the past year, reflecting strong investor confidence and recent contract wins.

3.What is the significance of Antony Waste Handling’s partnership with NMMC?

A. The partnership, which has been active for over 15 years, focuses on innovative waste management solutions and has helped NMMC achieve top rankings in the Swachh Bharat mission.