Antony Waste Secures Milestone Japanese FDI for Waste-to-Energy Projects

Antony Waste Handling Cell Limited (AWHCL) (NSE: AWHCL; BSE: 543254) has announced a landmark strategic partnership with Japan's JFE Engineering Corporation. This collaboration marks the first Japanese Foreign Direct Investment (FDI) into India's Waste-to-Energy (WtE) sector, signaling strong international confidence in India's sustainable infrastructure.

Strategic Investment & Partnership Structure

The partnership focuses on the development of two large-scale Waste-to-Energy plants in Kadapa and Kurnool, Andhra Pradesh.

Equity Investment: JFE Engineering will invest approximately ¥750 million (approx. ₹42 crore) to acquire a 25% stake in two Special Purpose Vehicles (SPVs) dedicated to these projects. Antony Waste will retain the remaining 75%.

EPC & Technology: JFE Engineering India will serve as the Engineering, Procurement, and Construction (EPC) contractor and technology partner, bringing global expertise from over 250 waste treatment facilities worldwide.

Funding Ratio: The projects will follow a 75% debt and 25% equity financing model.

Project Specifications & Financials

The Kadapa and Kurnool plants are designed to significantly impact the regional waste management landscape:

Capacity: Each plant will process approximately 1,000 tonnes of Municipal Solid Waste (MSW) per day.

Power Generation: Each facility will generate ~15 MW of green energy, totaling 30 MW for both projects.

Revenue Potential: The total project revenue is estimated at ₹3,200 crore over a 20-year concession period.

Tariff: Power Purchase Agreements (PPA) are set at a tariff of ₹8.10 per unit.

Timeline: Construction is expected to take 24 months, with commissioning targeted for Q1 FY29.

This partnership aligns with the India-Japan Joint Vision 2025, which targets significant Japanese investment in India's priority sectors. For Antony Waste, the alliance reduces technology risk and enhances operational efficiency through JFE's advanced automation and digital monitoring systems.

India currently harnesses less than 5% of its estimated 5,600 MW Waste-to-Energy potential, representing a massive growth runway for the platform.

Commenting on the development, Jose Jacob, Chairman & Managing Director, Antony Waste Handling Cell Limited, said: "This investment marks a defining moment for India's Waste-to-Energy sector. It validates our execution capabilities, governance standards, and long-term vision. Partnering with JFE Engineering enables us to combine global technology leadership with deep local expertise to build scalable and environmentally responsible infrastructure. We see this as a long-term partnership anchored in strong execution, compliance, and shared commitment to sustainable outcomes."

Akira Usui, Director of Recycling Business Promotion Division, Environmental Solutions Sector, JFE Engineering Corporation, added: "This investment reflects our strong belief in India's Waste-to-Energy opportunity and in Antony Waste as a trusted and capable partner. 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."

Shares of Antony Waste Handling Cell Limited was last trading in BSE at Rs. 446.10 as compared to the previous close of Rs. 420.35. The total number of shares traded during the day was 14050 in over 802 trades.

The stock hit an intraday high of Rs. 459.85 and intraday low of 431.05. The net turnover during the day was Rs. 6281103.00.

Source : Equity Bulls

Keywords

AntonyWasteHandlingCell INE01BK01022 AWHCL FDI Japan WastetoEnergyProjects