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Business Upturn
5 days ago
- Business
- Business Upturn
Antony Waste shares jump over 5% after strong Q4 results
By Aditya Bhagchandani Published on May 30, 2025, 10:11 IST Shares of Antony Waste Handling Cell surged 5.19% to ₹639.10 in morning trade on May 30 after the company posted a strong set of results for the March quarter and the full fiscal year FY25. The company's total operating revenue for Q4FY25 stood at ₹223 crore, marking a 14% year-on-year growth. EBITDA jumped 33% to ₹58 crore, with the EBITDA margin improving to 23%, up by 300 basis points from a year ago. Net profit rose to ₹46 crore from ₹30.2 crore, reflecting a 53% YoY increase. For the full fiscal year FY25, the company reported total revenue of ₹841.5 crore, up 10% from the previous year, while EBITDA came in at ₹220.2 crore, showing a 9% increase year-on-year. Operational highlights included the sale of approximately 45,200 tonnes of Refuse Derived Fuel (RDF) and 4,500 tonnes of compost in Q4, with compost sales witnessing a massive 165% YoY growth. The company's Pimpri-Chinchwad Waste-to-Energy (WtE) plant achieved a high plant load factor of ~82%, while its construction and demolition waste recycling unit hit a 96% recycling rate. The company also received ₹27.86 crore following a favourable ruling from the Bombay High Court, bolstering its financials for the year. The market responded positively to the company's continued operational efficiency and emphasis on sustainability, contributing to today's sharp upmove in the stock. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
22-05-2025
- Politics
- Time of India
Plea in HC asks it to stay setting up of waste-to-energy plant in Deonar
Mumbai: A petition filed in the Bombay high court has urged it to stay the construction and implementation of the proposed 3,000 metric tonne per day waste-to-energy (WtE) incineration plant at Deonar dumping ground and to halt relocation of Dharavi residents to the "contaminated" area. "The said project, if allowed to proceed, will not only exacerbate the already severe environmental degradation prevailing in the locality but will also result in grave violations of fundamental rights of over ten lakh residents inhabiting the surrounding areas, particularly their constitutional right to life," states the petition by Govandi-based Al Abbas Charitable Foundation, a public trust. It states that the plant with 600 metric tonne capacity is expected to be operational by October. The petition, filed through advocate Abid Sayyad, states that the densely populated surrounding areas of Govandi, Mankhurd, Shivajinagar, Bainganwadi and nearby areas are already experiencing a "public health crisis due to prolonged existence" of Deonar dumping ground that is characterised by "recurring fires, toxic emissions, and gross mismanagement of solid waste." The incidence of chronic ailments such as tuberculosis, cancer, asthma, and other respiratory illnesses is "significantly higher in this region than in other parts of the city" as substantiated by public health data. On April 16, residents submitted written objections and "despite such representations, the authorities continued to push forward the project." The petition states that in Oct last year, the state govt gave 124 acres of Deonar landfill for relocating residents of the Dharavi redevelopment project. "Such relocation exposes a fresh population to an already contaminated and hazardous zone compounding public health risks," it adds. The only feasible and constitutionally appropriate course of action "is to relocate any such WtE facility far outside residential zones, ideally beyond municipal limits, to non-inhabited zones following comprehensive environmental impact assessment and meaningful public consultation. " It has referred to Supreme Court judgments "that critique the failure of WtE plants in India... the ineffectiveness of incineration-based systems in Indian urban settings." Therefore, the trust sought "urgent judicial intervention" for the protection of public health, environmental integrity, and to prevent irreversible consequences of the respondents' arbitrary actions. Among its prayers is setting up of an committee comprising independent environmental scientists, medical experts, public health officials, and civil society representatives to evaluate "the long-term. .. impacts of the WtE project."
The Hindu
15-05-2025
- General
- The Hindu
Quality testing of ash from Bidadi plant under way; to be used in making construction materials
Around 10,621 tonnes of ash has been generated at the Karnataka Power Corporation Limited's (KPCL) first of its kind waste-to-energy (WtE) plant in Bidadi until the end of April. While this ash, which remains after the incineration of waste for energy is being disposed of into landfills so far, the KPCL plans to generate some revenue by selling this ash to cement factories. Among the ash generated at the plant, 9,214 tonnes have been categorised as bottom ash, which is collected, and 1,407 tonnes have been categorised as fly ash, which is released into the atmosphere after treatment. The ash generated in coal plants is generally used in cement factories. Now, tests are being conducted to find out if the ash from the WtE plant can be used for the same purpose. A sample of ash from the plant is being tested by the Indian Institute of Science (IISc) to analyse if its quality is suitable for being used in the making of construction materials. 'The sample has been taken by the IISc team. If the quality is equivalent to that of coal ash, then it can be used by cement factories,' said Satish Kumar H., executive engineer (Bidadi), KPC Gas Power Corporation Limited. Ever since the plant was commissioned, residents nearby and others have raised concerns about the hazardous nature of the ash, especially fly ash. Clarifying on this, Mr. Kumar said: 'In the evaporation cooler of the plant, we douse the ash with lime, ammonia, and activated carbon. All the gases that are hazardous to the atmosphere are nullified in this process. The officials from the National Green Tribunal (NGT) recently visited and checked all the parameters and confirmed it was not hazardous.' A scientist from IISc said that the testing is still in the initial stage. 'We have collected the sample as part of a systematic study of technologies like the WtE in Bidadi across India. We will explore how the ash can be used through the study,' said Prakash Singh, from the Centre for Sustainable Technologies, IISc. Logistics a challenge Gaurav Gupta, Additional Chief Secretary, Energy Department and the managing director of KPCL, said that while the testing is under way, the logistics for the transportation of the ash is yet to be figured out. 'There are no cement factories in the southern parts of the State, and we might have to incur a substantial cost to transport the ash to the factories, which are far. We are exploring options for the same without incurring financial strain,' Mr. Gupta said. For now, the bottom ash is being disposed of in landfills by the Bruhat Bengaluru Mahanagara Palike (BBMP), in association with whom the plant has been set up.
Hindustan Times
15-05-2025
- General
- Hindustan Times
Waste from Delhi's Ghazipur landfill to spill over to Okhla site
New Delhi Slow pace of legacy waste processing at the Ghazipur landfill site is likely to lead to waste spillover to other landfills in the city. Officials aware of the matter said the Municipal Corporation of Delhi (MCD) plans to divert around 90,000 tonnes of fresh garbage annually from the Ghazipur landfill to the Okhla landfill in southeast Delhi, citing 'unstable slopes' and 'space constraints' in the run-up to monsoon, as part of its biomining project to flatten Delhi's three landfills, officials aware of the matter said. While biomining projects at three landfills—the third situated at Bhalswa—have been marred by delays due to continuing daily waste dumping, officials said that the Okhla landfill has clocked maximum progress and Ghazipur, has the least. Biomining is the scientific process of excavation, treatment, segregation and gainful utilisation of legacy waste. A senior MCD official, requesting not to be named, said: 'Presently, there is no regular fresh waste dumping at the Okhla site as the fresh waste was consumed by commissioning the Tehkhand waste-to-energy (WtE) plant. However, approximately 90,000 tonnes per year of fresh waste of will be diverted to the Okhla dump site from time to time as Ghazipur has unstable slope and space constraints during monsoon.' The Ghazipur landfill in east Delhi—one of the largest in the country—has been in the centre of poor waste management in the city due to an array of landfill site holds more waste than the other two landfills, cumulatively. Officials said that the pace of work has been slowest at the Ghazipur landfill—it had 14 million tonnes of legacy waste at the onset of biomining—with 8.37 million tonnes yet to be cleared. The Ghazipur site has also been vulnerable to fires during summer due to methane pockets. A poorly managed and oversaturated site, it is one of the tallest mounds in the country, and witnessed a section collapsing—causing 50 tonnes of waste to hurl down the mound and kill two persons. In a spot check on Wednesday, HT found that a large part of the Okhla landfill was flattened, with 18 trommel machines and workers separating components of the last remnants of legacy waste and trucks carrying the inert material and refuse-derived fuel (RDF) components. A municipal official at the site said 10,000 tonnes of legacy waste is being removed from the site every day. 'Okhla has been the fastest in waste removal progress. It will be the first landfill to be cleared and a part of it would be used to set up construction and demolition waste processing plant,' the official said. Biomining of the three landfills started in 2019 on a National Green Tribunal (NGT) order, which directed that legacy dumps be 'cleared within one year but substantial progress must be made and demonstrated within six months'. However, there have been multiple revisions and extensions of these deadlines. A senior MCD official at the Okhla landfill said that while fractions vary, trommelling of waste yields 60-70% of inert material and 10-15% of RDF combustibles, while the rest considered construction and demolition (C&D) waste, among other components. When biomining was started at the Okhla landfill in 2019, it had six million tonnes of legacy waste, of which over 5.5 million tonnes have been removed so far, according to an MCD progress report. However, the addition of 2.47 million tonnes of fresh waste has left the site with 2.9 million tonnes of legacy waste. 'The expected quantity of waste by January 2026 will be around 1.65 million tonnes. After incorporating the fresh waste dumping to the tune of 1000 tonnes per day for two to three months, the deadline for the complete flattening of site will be March 2027,' the senior official at the site said. The official said poor management by the previous contractor, whose service was terminated last year, has delayed the flattening of the Ghazipur landfill. The senior MCD official cited above said: 'The contractors had internal disputes but we could not hire a new company due to delay of non-formation of the standing committee (in MCD) . In October 2024, the Delhi government empowered the commissioner to execute the contract for biomining of legacy waste. A new company has started working from March.' At Bhalswa landfill, there were 8 million tonnes of waste at the onset of biomining and it currently has 4.7 million tonnes. The site is expected to be cleared by December 2027, officials said. Bharati Chaturvedi, environmentalist and founder of Chintan Environmental Research and Action Group, said that Delhi has to undertake a three-pronged approach to waste management. 'Delhi has to start with composting policy by investing in the capital cost for decentralised waste processing by RWAs and bulk waste generators. It should be paid for by the government and space must be provided.' Chaturvedi said that decentralised subsidised composting and buy back mechanism needs to be set up. 'This will reduce the waste by 50%. Waste pickers should be linked with material recovery facilities so that plastic and similar waste (10%) can be reduced. Around 20% is being recycled and it will help reduce waste being dumped at landfills. It needs a robust policy with closed loop market systems,' he said.
The Hindu
14-05-2025
- Health
- The Hindu
Govandi residents up in arms over Deonar waste-to-energy project
Residents and activists from Mumbai's Govandi area have raised strong objections to the Brihanmumbai Municipal Corporation's (BMC) proposed waste-to-energy (WtE) plant at Deonar, the country's largest dumping ground, claiming that the ₹2,648 crore facility will worsen air quality and endanger public health. The upcoming plant, to be installed by Chennai MSW Pvt Ltd over 8.2 hectares, is expected to process 1,800 tonnes per day of municipal waste and generate eight megawatts of electricity by October 2025. However, residents from nearby Baiganwadi and Shivaji Nagar fear it will emit toxic gases, aggravating respiratory diseases in an already vulnerable population. 'The prevalence of TB and asthma is already high here. Every other house has a patient. Adding another pollutant-heavy project is dangerous,' said Zakir (30), a resident of Baiganwadi for 25 years. Another Baiganwadi resident, employed at the dumping ground, echoed the sentiment: 'No technology can fully control emissions. This will only get dangerous.' The area, home to over 10 lakh people across 200 slum pockets, also faces further crowding due to planned relocations from the Dharavi redevelopment project. Legal battle Bombay High Court lawyer Abid Abbas Sayyed, representing concerned citizens, has filed objections with the BMC Commissioner, Maharashtra Pollution Control Board (MPCB), and others. 'The plant will release carcinogens, dioxins, furans, carbon monoxide, and sulphur oxides. Respiratory diseases like asthma and COPD are already rampant here. What guarantees are there that emissions will be controlled?' he asked. While the BMC insists the plant is environmentally sound and MPCB-cleared, residents remain unconvinced. 'The biomedical waste facility here was also promised to be safe. Now, we wake up to black dust on our vehicles and a constant foul smell,' said Aditya, a 35-year-old Shivaji Nagar resident working at the dumping ground. According to a Tata Institute of Social Sciences study, the average life expectancy in Govandi is just 39 years. 'We are already breathing methane and other toxic gases from existing waste units. How much more can we take?' said Mr. Aditya. Mr. Sayyed also highlighted that the biomedical waste facility operated for five years without MPCB clearance. Despite a court order for its relocation six months ago, no action has been taken. 'How can we trust the same agencies [MPCB and BMC] now?' he questioned. Citizens' group Govandi New Sangam Welfare Society filed a High Court petition in October 2022, demanding the facility's closure. In response, MPCB officer Rakesh Dafade stated the WtE project was evaluated for over a year, and measures like scrubbers, a 50-meter chimney, and leachate treatment systems are planned to curb pollution. Waste segregation worry However, for residents, the core concern remains unaddressed— waste segregation. 'Deonar's waste is a toxic mix of wet, dry, plastic, and even biomedical material. Without proper segregation, how can this project work without causing harm?' asked Mr. Aditya. Mr. Sayyed's objection letter accuses BMC of violating the Solid Waste Management Rules, 2016, particularly Rule 15, which mandates segregation at source and scientific processing. It noted that Mumbai's waste's low calorific value due to its high organic content makes it unsuitable for energy recovery, adding that seven of the 14 WtE plants in India have already shut down for similar reasons. Residents are demanding a stay on the project until a thorough Environmental Impact Assessment (EIA) and medical and environmental studies in Govandi are conducted. An RTI has also been filed to access clearance documentation and environmental reports related to the project.
