Antony Waste Handling Cell Limited announced the incorporation of a step-down subsidiary, Kurnool Renew Energy Private Limited, by its material subsidiary, Antony Lara Enviro Solutions Private Limited. This move aligns with the requirements for the awarded ~15-MW Waste to Energy Project by New & Renewable Energy Development Corporation of Andhra Pradesh Limited.
Kurnool Renew Energy Private Limited was incorporated on September 02, 2025.
| Particulars | Details |
|---|---|
| Name of the target entity | Kurnool Renew Energy Private Limited |
| Industry | Solid Waste Management |
| Objects of acquisition | Processing of MSW waste through Material Recovery Facility and incinerate waste in Waste to Energy Facility |
| Consideration | Initial Capital subscription in Cash by Antony Lara |
| Percentage of shareholding / control acquired | 73% |
| Date of incorporation | September 02, 2025 |
Antony Waste holds a 73% equity stake in Antony Lara Enviro Solutions Private Limited. Kurnool Renew is a wholly owned subsidiary of Antony Lara, effectively granting Antony Waste a 73% stake in the step-down subsidiary.
Kurnool Renew has been incorporated as a Special Purpose Vehicle (SPV) for the project involving the processing of MSW waste through a Material Recovery Facility and waste incineration in a Waste to Energy Facility, awarded by New & Renewable Energy Development Corporation of Andhra Pradesh Limited.
The step-down subsidiary company is yet to commence its business operations.
The company has made this announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015.
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