Antony Waste Handling Cell Ltd Secures Major Contract from GNIDA for Road Sweeping Services
Antony Waste Handling Cell Limited has secured a significant contract with the Greater Noida Industrial Development Authority (GNIDA). The order involves the engagement of the company for the procurement and operation of Electric Mechanical Road Sweeping Machines (MRSMs), along with comprehensive Operation & Maintenance (O&M) services.The contract pertains to roads under the jurisdiction of the East Zone in Greater Noida, Uttar Pradesh. Antony Waste Handling Cell Ltd will be engaged for a period of five years, with an additional two-year extension possible.
According to project details provided, the revenue projected from this five-year contract is approximately ₹ 243.22 Crore.
The order was awarded by the Greater Noida Industrial Development Authority and falls under domestic procurement. The company confirmed that the engagement does not constitute a Related Party Transaction, and the promoter or promoter group holds no interest in GNIDA.
Key details of the contract are summarized below:
| Contract Detail | Specification |
|---|---|
| Awarding Entity | Greater Noida Industrial Development Authority (GNIDA) |
| Nature of Order | Procurement/Engagement of Electric Mechanical Road Sweeping Machines (MRSMs) along with comprehensive O&M |
| Duration | 5 years, extendable for an additional 2 years |
| Contract Value | Approximately ₹ 243.22 Crore over five years |
AWHCL Stock Price Movement
Antony Waste Handling Cell Limited (AWHCL) shares are tumbling as of 12:43 PM in live trading, shedding 5.21% to trade at ₹395.6. This severe drop sees the equity fall to a critical 52-week low, with the stock having registered a volume of 532,617 shares so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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