Business Update16 Oct 2023, 04:32 pm
Antony Waste Handling Cell Limited Reports Strong Q2 and H1FY24 Results
AI Summary
Antony Waste Handling Cell Limited has announced its business update for the quarter and half year ended September 30, 2023. The company has reported a robust growth of 9% in total tonnage handled and a 12% increase in H1FY24 compared to the same period last year. The company has also inaugurated India's first Waste to Energy plant and has achieved a significant milestone by clearing 2.19 lakh tonnes of legacy waste and reclaiming 19 acres of landfill space. The company's total core operating revenue has increased by 20% in Q2FY24 compared to the previous year, driven by various escalations in tipping fees and revenues from fixed shifts, trips, and household fees.,
Key Highlights
- Inauguration of India's first Waste to Energy plant
- Robust growth of 9% in total tonnage handled
- 12% increase in H1FY24 compared to the same period last year
- Significant milestone of clearing 2.19 lakh tonnes of legacy waste
- Reclaiming 19 acres of landfill space
- 20% growth in total core operating revenue