This smallcap stock zooms over 19% after subsidiary bagged two contracts worth ₹1,330 crore

“The contracts have been awarded to a consortium/joint venture comprising AG Enviro Infra Projects Private Limited (51%), M/s. Jigar Transport Company (29%), and M/s. M. K. Enterprises (20%),” the waste management company said in a regulatory filing.

The combined value of these contracts is approximately ₹1,330 crore, with the two contracts individually valued at ₹684 crore and ₹646 crore, providing stable long-term revenue visibility over a seven-year tenure.

Under the terms of the contracts, the joint venture will be responsible for the collection and transportation of around 1,250 metric tonnes per day (MTPD) of municipal solid waste across key wards in Mumbai, including approximately 650 MTPD from A, B, C, and D wards and about 600 MTPD from N, S, and T wards.

Antony Waste Handling Cell Limited is a leading player in the Municipal Solid Waste Management (MSW) industry with a track record of more than two decades, providing a full spectrum of MSW services which includes solid waste collection, transportation, processing and disposal services across India, majorly catering to municipalities. The company has pioneered both MSW collection and transportation businesses in the country.

Commenting on the contract award, Jose Jacob, Chairman & Managing Director of Antony Waste Handling Cell Limited, said, “The seven-year contracts enhance revenue visibility, support our strategy of building a resilient management portfolio, and further strengthen our ability to deliver sustainable growth and long-term value for our stakeholders.”

The projects are expected to strengthen Mumbai’s municipal waste infrastructure, enhance service reliability, and ensure the timely transportation of waste to designated landfill sites, Antony Waste Handling said, adding that the contract awards highlight the company’s proven execution capabilities, strong operational track record, and ability to manage large-scale urban projects in high-density metropolitan areas.

Antony Waste Handling Cell share price

At 12:35 PM, shares of Antony Waste Handling Cell were trading 15.41% higher on the National Stock Exchange (NSE) at ₹502.50 apiece.

Shares of the company have gained 5% in the last month, while they have slipped 18% in six months. Since the beginning of 2025, the stock has tumbled 19%. The firm has a market capitalisation of ₹1,430.46 crore.

Shares of the bank had touched their one-year high of ₹696.25 apiece on December 17, 2024, while their 52-week low of ₹408.05 was hit on December 9, 2025.