Antony Waste Handling IPO review: Waste management industry has huge headroom for growth

Founded in January 2001, Antony Waste Handling Cell is one of the top five players in the Indian municipal solid waste (MSW) management industry with an established track record of more than 19 years. Antony Waste Handling is a pioneer in MSW providing a full spectrum of services, which includes solid waste collection, transportation, processing and disposal services. Antony Waste Handling Cell is also one of the key players in the landfill construction and management sector with in-house expertise on construction and management of landfills.

Antony Waste Handling IPO review: Founded in January 2001, Antony Waste Handling Cell is one of the top five players in the Indian municipal solid waste (MSW) management industry with an established track record of more than 19 years.

Antony Waste Handling is a pioneer in MSW providing a full spectrum of services, which includes solid waste collection, transportation, processing and disposal services. Antony Waste Handling Cell is also one of the key players in the landfill construction and management sector with in-house expertise on construction and management of landfills.

Antony Waste Handling: Investment Rationale:

Strong operational portfolio:

Antony Waste Handling IPO review: primarily undertakes specialised MSW collection & transportation (C&T) projects, MSW processing projects and mechanised sweeping projects for municipalities and private players. Having undertaken more than 25 projects as of November 15, 2020, of which 18 are ongoing, Antony has demonstrated a track record of a comprehensive service provider equipped with the resources to handle large-scale projects for municipalities and private players. 

Its portfolio of 18 ongoing projects as on November 15, 2020, comprises 12 MSW C&T projects, two MSW processing projects and four mechanised sweeping projects. Antony’s project portfolio is diversified across services provided, counterparties, project duration, nature of contracts and geographical areas where it operates.

Antony Waste Handling: Diversifying in emerging waste management areas

With increasing energy demand and government initiatives, the waste to energy (WTE) market is anticipated to see more public private partnership (PPP) based projects. Antony Waste Handling Cell believes that with assured raw material and a power offtake agreement, the business offers limited risks and will help in improving predictability of its cash flows.

Antony Waste Handling, through its step-down subsidiary ALREPL, has been awarded a contract for setting up and operating a WTE plant having a capacity of up to 1,000 TPD by Pimpri Chinchwad Municipal Corporation (PCMC).

 

Source: Zeebiz