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Antony Waste Handling Cell secures ₹386cr Door-to-Door waste management contract

Oct 26, 2023

By: BlinkX Research Team

Antony Waste Handling Cell Limited (AWHCL) proudly announces its wholly-owned subsidiary, AG Enviro Infra Projects Private Limited, has clinched a substantial ₹386 Crore contract for Door-to-Door Collection and Transportation (C&T) of Municipal Solid Waste (MSW) in the Panvel Municipal Corporation (PMC) area. This significant contract spans five years, with an option for a 2-year extension.

In a strategic move, the PMC will be responsible for the project's infrastructure procurement, subsequently entrusted to AWHCL for operations. This partnership embodies a joint commitment to offering sustainable waste management services to the city.

MD & CEO of AHWCL, Jose Jacob, expressed his excitement about the contract award. He stated, “We are thrilled to share the news of our successful contract win for a ₹386 Crore C&T Contract with the Panvel Municipal Corporation. In this 5-year contract, with the option of a 2-year extension, the corporation has agreed to shoulder the responsibility for all capital expenditures associated with this project. This will allow us to embrace an asset-light model, empowering us to allocate our capital resources to other upcoming opportunities. We remain committed to our vision of sustainable growth, enabling us to stay agile, efficient, and dedicated to delivering exceptional waste management services while actively seeking expansion opportunities.”