Antony Waste Secures ~¥750 Million from JFE Engineering in First Japanese FDI into India’s Waste-to-Energy Sector

Antony Waste Handling Cell Limited, one of India’s leading integrated waste management companies, has announced a strategic partnership with Japan-based JFE Engineering Corporation for two Waste to Energy plants in Andhra Pradesh. This marks the first Japanese foreign direct investment into India’s Waste-to-Energy sector and JFE Engineering Corporation’s entry into India’s waste management market. JFE Engineering will invest approximately ¥750 million to acquire a 25% equity stake in Antony Waste’s Waste- to-Energy two special purpose vehicle(s), with the remaining 75% held by Antony Waste. The investment is being made specifically into the SPVs developing the Kadapa and Kurnool Waste-to-Energy projects in Andhra Pradesh, reinforcing a project-level partnership structure aligned with long-term execution and value creation. This investment marks a significant milestone in the India–Japan strategic partnership on sustainable infrastructure, aligned with the broader India–Japan Joint Vision 2025.