Antony Waste Handling receives new NDMC contract

Antony Waste Handling Cell’s subsidiary, AG Enviro Infra Projects, has received a letter of intent (LoI) for door-to-door collection and transportation (C&T) of municipal solid waste (MSW) from the Sadar Paharganj Zone of North Delhi Municipal Corporation (NDMC). AG Enviro will be responsible for transferring 1000 tpd waste to the disposal site as well as the operation and maintenance of equipment and machineries . Following this news, its share price spiked 10 percent today.

“AG Enviro has been associated with NDMC for the last 16 years and the latest contract is for a period of ten years, reports Money Control.

The contract has a dual revenue model in the form of user fee collection along with C&T project revenue. The user fee collection will be shared between NDMC and AG Enviro in the ratio of 85:15, respectively.