Waste management stock jumps 9% after it partners with Japan-based firm

Synopsis: Shares of a leading waste management firm rose 9% after announcing a partnership with Japan’s JFE Engineering to develop waste-to-energy projects, boosting investor confidence and strengthening its position in renewable energy.

One of the leading companies in the waste handling segment,saw its shares climb 9% after the company announced a strategic collaboration with Japan-based JFE Engineering Corporation. The partnership focuses on developing waste-to-energy projects in Andhra Pradesh, marking a significant step in expanding its renewable energy presence. 

With a market cap of Rs. 1271 Cr, the shares of Antony Waste Handling Cell Ltd. are trading at Rs. 448 per share. In the Wednesday trading session the stock made a high of Rs. 459 i.e. 9% up from the previous day close price of Rs. 421. The stock is trading at a P/E of 19.6.

What is in the Deal

Antony Waste Handling Cell Ltd. announced  a strategic partnership with Japan-based JFE Engineering Corporation. The deal involves an investment of around ₹44 crore to develop waste-to-energy projects in Andhra Pradesh.

The company said the investment will be made in two special purpose vehicles (SPVs) set up for projects in Kadapa and Kurnool. These projects aim to convert waste into energy, supporting cleaner and more sustainable energy solutions.

The partnership with JFE Engineering is seen as a positive step for the company. JFE brings global experience and advanced technology, which is expected to improve project execution and efficiency. This also strengthens Antony’s position in the growing waste-to-energy sector.

The funding will help speed up the development of these projects. Waste-to-energy projects require high capital, and this investment reduces the financial pressure on the company while supporting expansion plans.

Despite the investment, Antony will retain a 75% stake in both SPVs. This means the company will continue to have control over operations and decision-making, while also benefiting from JFE’s expertise and support.

The move also helps Antony expand its presence in the renewable energy segment. Waste-to-energy is becoming an important part of India’s clean energy push, offering long-term growth opportunities.

About the Company and its Financials 

Antony Waste Handling Cell Ltd. is one of India’s leading waste management companies, offering services such as collection, transportation, processing, and disposal of municipal solid waste. The company also focuses on waste-to-energy projects and sustainable solutions. With operations across multiple cities, it plays a key role in urban cleanliness and environmental management, while expanding its presence in the renewable energy and circular economy space.

The company reported a 7.8% increase in revenue, rising from ₹243 Crore in December 2024 to ₹262 Crore in December 2025.Despite the growth in sales, Net Profit saw a 16.7% decrease, dropping from ₹18 Crore in December 2024 to ₹15 Crore in December 2025.The decline in profit despite higher sales is largely attributed to rising costs; total Expenses increased from ₹191 Crore to ₹220 Crore during this period.

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