Antony Waste Secures ¥750 Million Investment from JFE

Thursday,09 April 2026 : Antony Waste Handling Cell Limited (“Antony Waste”), one of India’s leading integrated waste management companies with over 25 years of experience in the sector, today announced a strategic partnership with Japan-based JFE Engineering Corporation for two (2) Waste to Energy plants in Andhra Pradesh. This marks  the first Japanese foreign direct investment (FDI) into India’s Waste-to-Energy (WTE) sector and JFE Engineering Corporation’s entry into India’s waste management market.

As part of the partnership, JFE Engineering will invest approximately ¥750 million to acquire a 25% equity stake in Antony Waste’s Waste-to-Energy two (2) special purpose vehicle(s) (SPVs), with the remaining 75% held by Antony Waste. Further, JFE Engineering India will undertake the Engineering, Procurement and Construction of both Waste to Energy plants. The investment is being made specifically into the SPVs developing the Kadapa and Kurnool Waste-to-Energy projects in Andhra Pradesh, reinforcing a project-level partnership structure aligned with long-term execution and value creation.

This investment marks a significant milestone in the India–Japan strategic partnership on sustainable infrastructure, aligned with the broader India–Japan Joint Vision 2025, which targets ¥10 trillion of Japanese investment into India’s priority sectors. Commenting on the development, Jose Jacob, Chairman & Managing Director, Antony Waste Handling Cell Limited, said: “This investment marks a defining moment for India’s Waste-to-Energy sector. It validates our execution capabilities, governance standards, and long-term vision.

Akira Usui, Director of Recycling Business Promotion Division, Environmental Solutions Sector, JFE Engineering Corporation, added: “This investment reflects our strong belief in India’s Waste-to-Energy opportunity and in Antony Waste as a trusted and capable partner. As our first investment in India’s waste sector, it underscores our long-term commitment to bringing advanced technology and engineering excellence to support sustainable infrastructure development in the country.”