Apply For Antony Waste Handling Cell IPO at Arihant Capital

Antony Waste Handling Cell is one of the top five players in the Indian MSW (Municipal Solid Waste) management industry with an established track record of 19 years, providing services such as solid waste collection, transportation, processing and disposal services across the country, primarily catering to Indian municipalities. The company is among the key players in landfill construction and management sector with in-house expertise for landfill construction along with its management. It is also present in the emerging waste management area in India which is MSW based WTE (Waste to Energy). The company undertakes MSW C&T projects, MSW processing projects and mechanized sweeping projects and has undertaken more than 25 projects as of 15 November 2020, of which 18 are ongoing. Its portfolio of ongoing projects comprised 12 MSW C&T projects, two MSW processing (including WTE) project and four mechanized sweeping projects. It is currently undertaking projects for the Municipal Corporation of Greater Mumbai (MCGM), the Navi Mumbai Municipal Corporation (NMMC), the Thane Municipal Corporation (TMC), the North Delhi Municipal Corporation (NDMC), the Mangalore Municipal Corporation (MMC) and the Greater Noida Industrial Development Authority (GNIDA). It is also currently undertaking a project for Jaypee International Sports. In the past, it has also undertaken projects for Municipal Corporation of Delhi (MCD), Municipal Corporation, Gurgaon (MCG), Ulhasnagar Municipal Corporation (UMC), Amritsar Municipal Corporation (AMC), Kalyan Dombivali Municipal Corporation (KDMC) and Jaipur Municipal Corporation (JMC)

Key Services Offered are as follows:

  • Waste Collection & Transportation
  • Mechanized and Non-Mechanized Sweeping
  • Waste Processing & Treatment
  • Waste to Energy

Key Strengths of Antony Waste Handling Cell Ltd

  • Leading MSW management services provider in India
  • Experience in handling more than 25 MSW projects
  • Modern and well-maintained vehicles
  • Latest technology tools, vehicles, and equipment

Objects of the Issue:

  • To finance PCMC WTE Project through investment in subsidiaries
  • To pay-off company’s consolidated borrowings by infusing debt in Subsidiary-AG Enviro
  • To meet general corporate purposes.

Antony Waste Handling Cell’s financial performance (in INR crore)





H1 FY2021











Net income





Net margin (%)





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Arihant Team
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