Antony Waste Handling Cell Ltd News: Antony Waste Handling Cell Limited has announced a strategic partnership with Japan-based JFE Engineering Corporation. Under the new partnership, Antony Waste will set up two waste-to-energy plants in Andhra Pradesh's Kadapa and Kurnool.
The partnership is the first Japanese foreign direct investment (FDI) into India’s Waste-to-Energy (WTE) sector. This also marks JFE Engineering Corporation’s entry into India’s waste management market.
Antony Waste Handling Cell is one of India’s leading integrated waste management companies with over 25 years of operations.
Antony Waste Handling Cell Ltd News: JFE Engineering To Invest
JFE Engineering will invest approximately ¥750 million to acquire a 25 per cent equity stake in Antony Waste’s waste-to-energy special-purpose vehicles. The remaining 75 per cent stake will be held by Antony Waste.
JFE Engineering India will also undertake the Engineering, Procurement and Construction of both Waste to Energy plants.
Antony Waste Handling Cell Ltd News: MD Speaks
Jose Jacob, chairman and MD of Antony Waste Handling Cell Limited, said that the investment marks a defining moment for India’s Waste-to-Energy sector.
"We see this as a long-term partnership anchored in strong execution, compliance, and shared commitment to sustainable outcomes,” Jose Jacob said.
India generates nearly 150,000 tonnes per day of municipal solid waste. Less than 5 per cent of its estimated 5,600 MW Waste-to-Energy potential has been harnessed.
