Shares of Antony Waste Dealing with Cell Ltd skyrocketed 9.8% on Wednesday, 13 August, after the subsidiary of the corporate secured two vital orders totalling Rs 3,200 Crore.
Antony Lara Enviro Options, the corporate’s materials subsidiary, has obtained two extra contracts value Rs 1,600 crore every for the event of waste-to-energy services with capacities of 15 MW on the Kadapa Cluster and Kurnool Cluster in Andhra Pradesh.
The contracts given by Andhra Pradesh’s New & Renewable Power Improvement Company for the processing of MSW trash by materials restoration services and the incineration of waste in waste-to-energy services.
The development length for every mission can be roughly 24 months, starting with the signing of the concession settlement, execution of the Energy Buy Settlement (PPA), or land switch, whichever happens first. The deal has a concession interval of 20 years.
At 3:15 pm, the shares of Antony Waste have been buying and selling 5.23% increased at Rs 609.25 on NSE.
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