Antony Waste Subsidiary Secures ₹330 Crore Contract from TMC
Filing Summary
Antony Waste Handling Cell Ltd’s subsidiary, Antony Lara Enviro Solutions Private Limited, has been awarded a contract by Thane Municipal Corporation (TMC) for the development of a 600 to 800 TPD Mixed Solid Waste Processing Plant. The contract, valued at approximately ₹329 crore, involves a Design, Build, Operate, and Transfer (DBOT) model over a 10-year period. The project will be executed on TMC-owned land in Atkoli, Taluka Bhiwandi, Maharashtra. The capital expenditure of ₹67 crore will be reimbursed by TMC upon achieving specified milestones.
Antony Waste Handling Cell Ltd has announced that its material subsidiary, Antony Lara Enviro Solutions Private Limited, has secured a contract from the Thane Municipal Corporation (TMC). The contract involves the establishment of a 600 to 800 TPD Mixed Solid Waste Processing Plant on a Design, Build, Operate, and Transfer (DBOT) basis. The project will be located on TMC-owned land at Atkoli, Taluka Bhiwandi, Maharashtra. The total contract value is approximately ₹329 crore, with a project duration of 10 years.
The financial terms of the contract specify a total capital expenditure of ₹67 crore, which will be reimbursed by TMC upon the achievement of certain milestones as outlined in the tender document. The reimbursement structure is designed to align with the progress of the project, ensuring that funds are released in accordance with the completion of specified phases.
The operational scope of the contract includes the design, engineering, construction, commissioning, and comprehensive operation and maintenance of the waste processing facility. The plant will handle mixed solid waste and will feature a Material Recovery Facility (MRF) for waste segregation. The DBOT model ensures that the subsidiary will manage the plant’s operations for the entire 10-year period, after which the facility will be transferred to TMC.
The timeline for the project spans a decade, with specific milestones set for the completion of various phases. The initial phase involves the design and construction of the facility, followed by the commissioning and operational phases. The comprehensive operation and maintenance of the plant will continue throughout the 10-year contract period, ensuring sustained waste management services.
The entities involved in this contract include Antony Lara Enviro Solutions Private Limited as the executing subsidiary and Thane Municipal Corporation as the awarding authority. The contract does not involve any related party transactions, and there is no interest from the promoter group in TMC. The project is a domestic initiative, focusing on enhancing waste management infrastructure within Maharashtra.
This contract is significant within the context of municipal solid waste management in India. It reflects the ongoing efforts to improve waste processing capabilities and infrastructure in urban areas. The project aligns with regulatory requirements and contributes to the broader objectives of sustainable waste management practices in the region.
Antony Waste Handling Cell Ltd is a prominent player in the Indian municipal solid waste management industry. The company provides a comprehensive range of services, including waste collection, transportation, processing, and disposal. With over two decades of experience, Antony Waste has established a strong presence in the sector, focusing on innovative and sustainable waste management solutions. The company continues to expand its portfolio, emphasizing waste-to-energy projects and other emerging areas in waste management.