Page 61 - Plastics News October 2024
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BUSINESS NEWS
part of ADNOC International to maintain Coves- NOC’s ongoing smart growth and future proof-
tro's existing business activities, corporate gov- ing strategy and our vision to become a top 5
ernance and organizational business structure. global chemicals company. It represents a piv-
ADNOC International has assured Covestro of its otal step for both organizations and embodies
full support for Covestro’s “Sustainable Future” our disciplined approach to investing in strate-
strategy and intends to fully support Covestro in gic assets that drive long-term value and unlock
further executing on this strategy new growth opportunities, while reinforcing our
commitment to diversifying ADNOC’s portfolio.
Dr. Sultan Ahmed Al Jaber, ADNOC managing Our aligned strategies uniquely position us to
director and group CEO, said: “As a global lead- meet the growing global demand for energy and
er and industrial pioneer in chemicals, Covestro chemical products, while accelerating the transi-
brings unmatched expertise in high-tech spe- tion to a circular economy.”
cialty chemicals and materials, using advanced
technologies including AI. This strategic partner- Source – Plastics Technology
ship is a natural fit and aligns seamlessly with AD-
Waste Management Company Secures Rs 908
Crore Contract from Navi Mumbai Municipal Cor-
poration – Complete Details Inside!
ntony Waste Handling Cell Ltd's mate- perience, it ranks among the top five companies
rial subsidiary, AG Enviro Infra Projects in India’s municipal waste management sector.
APrivate Limited, has secured a contract
from Navi Mumbai Municipal Corporation (NMMC) On Friday, the company’s shares closed at
around Rs 699 and the current market capitali-
for Door-to-Door Collection and Transportation
(C&T) of Municipal Solid Waste. The contract zation stands at Rs 1984 crore. Additionally, the
shares have delivered an impressive return of
spans 9 years, with an estimated value of ap-
proximately Rs 908 crore (Rupees Nine Hundred over 85 per cent in the past 1 year.
& Eight Crore) for the entire concession period.
As per the Quarterly Results, in the Q1 FY25, An-
Antony Waste Handling Cell Ltd specializes in tony Waste Handling Cell Ltd recorded a reve-
mechanical power sweeping of roads, waste col- nue of Rs 227 crore compared to Rs 222 crore. It
lection and transportation, and waste-to-energy reported an operating profit of Rs 49 crore. The
projects. The company is also responsible for net profit stood at Rs 21 crore. Looking at the
designing, constructing, operating, and maintain- annual performance, the company generated a
ing the integrated waste management facility in revenue of Rs 873 crore in FY24 compared to Rs
Kanjurmarg, Mumbai. With nearly 20 years of ex- 854 crore. The operating profit for FY24 was Rs
October 2024 PLASTICS NEWS 61
