AWHCL Q4FY26: Revenue Up 13%, JFE Invests ₹44 Cr in WtE Projects
Antony Waste Handling Cell Limited reported a 13% core revenue growth for Q4 and FY26. The company handled approximately 1.67 million tonnes of MSW in Q4 and 5.69 million tonnes in FY26. A significant development is JFE Engineering Corporation's investment of approximately ₹44 crore for a 25% stake in two WtE projects in Andhra Pradesh.
The announcement includes strong financial performance metrics and a significant strategic partnership with a major international player, which is expected to drive future growth in the Waste-to-Energy sector.
The company reported strong operational performance with revenue growth and increased tonnage handled. The strategic investment from JFE Engineering Corporation for WtE projects is a positive development for future growth.
Antony Waste Handling Cell Limited (AWHCL) has reported a robust business update for the quarter and financial year ended March 31, 2026 (Q4 & FY26). The company achieved a core revenue growth of 13% in both periods, driven by significant volume expansions across its waste management operations. In FY26, AWHCL celebrated 25 years of pioneering MSW operations.
For Q4 FY26, collection and transportation (C&T) tonnage grew approximately 6% year-over-year to about 0.52 million tonnes. Processing tonnage saw a substantial jump of about 32% to approximately 1.15 million tonnes, attributed to enhanced capacity utilization at biomining and material recovery facilities (MRFs). Total MSW handled increased by about 23% to approximately 1.67 million tonnes.
In the full fiscal year FY26, AWHCL's C&T tonnage grew about 9% to approximately 2.12 million tonnes. Processing volumes increased by about 19% to approximately 3.6 million tonnes. RDF sales reached a record of approximately 177,000 tonnes, a 20% increase from FY25. Compost sales, however, softened due to prolonged monsoon disruption.
A significant development for FY27 is the strategic investment of up to ¥750 million (approximately ₹44 crore) by JFE Engineering Corporation, Japan, for a 25% equity stake in each of two Waste-to-Energy (WtE) projects. These projects, executed through AWHCL's subsidiary Antony Lara Enviro Solutions Private Limited, involve SPVs Kadapa Renew Energy Private Limited and Kurnool Renew Energy Private Limited, targeting WtE plants in Andhra Pradesh. This marks Japan's first FDI in India's WtE sector, leveraging JFE's global expertise to deploy stoker furnace technology with a capacity of approximately 750 TPD per plant.
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Antony Waste Handling Cell Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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