Small-cap stock Antony Waste jumps over 5% after securing 750 million yen Japanese FDI for projects in Andhra Pradesh

Small-cap firm Antony Waste Handling Cell's share price jumped more than 5% to the intraday high of ₹480 on Thursday, April 9, after the company secured a 750 million yen (₹43.76 crore) foreign direct investment (FDI) from Japan’s JFE Engineering Corporation for two plants in Andhra Pradesh.

Antony Waste “today announced a strategic partnership with Japan-based JFE Engineering Corporation for two Waste to Energy plants in Andhra Pradesh,” according to the press release.

This collaboration aims to carry out Engineering, Procurement and Construction (EPC) projects in the Indian Waste to Energy market.

Deal details

As per the deal, Japan’s JFE Engineering Corp. will acquire 25% equity stake in two special-purpose vehicle (SPV) companies owned by Antony Waste to carry out EPC projects in India. The remaining 75% stake in the SPV will be owned by Antony Waste.

The 750 million yen (₹43.76 crore) investment is specifically aimed at developing the Kadapa and Kurnool Waste-to-Energy projects in the State of Andhra Pradesh, according to the exchange filing.

The data also showed that the partnership aims to develop Waste-to-Energy plants with a capacity of 1,000 tonnes of MSW inflow per day per plant, which aims to generate 15 megawatt (MW) of energy per plant.

As per the NSE filing, the projects are estimated to generate ₹3,200 crore in revenue over a 20-year concession period. The companies aim to finance these projects with 25% equity and 75% debt financing.

The company also disclosed that both projects are expected to be completed within 24 months and are estimated to be commissioned by the first quarter of the financial year ending 2028-29.

“As our first investment in India’s waste sector, it underscores our long-term commitment to bringing advanced technology and engineering excellence to support sustainable infrastructure development in the country,” said Akira Usui, the Director of Recycling Business Promotion Division and Environmental Solutions Sector of JFE Engineering Corp.

Antony Waste share price trend

Antony Waste shares closed 5.33% higher at ₹443 after Wednesday’s stock market session, compared to ₹420.60 at the previous market close, according to NSE data. The company announced the foreign investment update ahead of the opening bell on Thursday, April 9.

Shares of Antony Waste have delivered stock market investors more than 69% returns over five years and over 63% returns in the last three years, NSE data showed. However, the company’s stock has lost 11% in one year.

On a year-to-date (YTD) basis, Antony Waste shares have lost 8.85% and are down 2.9% over the last one-month period. The company’s stock is trading 2.92% higher as of the last five market sessions.

Antony Waste stock hit its 52-week high at ₹693 on July 3, 2025, while the 52-week low was at ₹372.50 on March 30, 2026, according to the exchange data. The company’s market capitalisation (M-Cap) stood at ₹1,257.33 crore as of the stock market close on Wednesday, April 8, 2026.