Antony Waste Handling Cell Limited — Important, 29-05-2025: Updates

Antony Waste Handling’s key subsidiary faces a major challenge as a court reinstates protected forest status to the Kanjurmarg landfill, handling ~90% of Mumbai’s solid waste. This creates operational uncertainty and risk to future revenues despite protected concession rights and ongoing operations. The subsidiary can claim compensation if forced to close prematurely, but the ruling threatens Mumbai’s waste disposal framework, potentially impacting Antony’s business outlook.