Subsidiary3 Sept 2025, 01:15 pm
Antony Waste Handling Cell Ltd Incorporates New Subsidiary for Waste to Energy Project
AI Summary
Antony Waste Handling Cell Ltd, a leading player in the solid waste management industry, has incorporated a new step-down subsidiary, Kurnool Renew Energy Private Limited, through its material subsidiary, Antony Lara Enviro Solutions Private Limited. The new subsidiary has been set up to manage the awarded 15-MW Waste to Energy Project by the New & Renewable Energy Development Corporation of Andhra Pradesh Limited. Antony Waste holds 73% equity stake in the step-down subsidiary, which is expected to commence its business operations soon.
Key Highlights
- Antony Waste Handling Cell Ltd incorporates a new step-down subsidiary, Kurnool Renew Energy Private Limited
- Kurnool Renew Energy Private Limited set up for managing a 15-MW Waste to Energy Project
- Project awarded by New & Renewable Energy Development Corporation of Andhra Pradesh Limited
- Antony Waste holds 73% equity stake in the step-down subsidiary
- Kurnool Renew Energy Private Limited is a Special Purpose Vehicle (SPV)