1 month ago
India's Waste Management Industry Grows Amid New Rules
India is producing more waste than ever before, and most of it has not been scientifically processed.
New rules are being implemented to make waste segregation mandatory and encourage recycling.
This is creating a big opportunity for companies in the waste management industry.
Three companies, Antony Waste, EMS, and Eco Recycling, are well-positioned to benefit from these changes.
Antony Waste focuses on municipal waste processing, EMS specializes in sewerage and wastewater treatment, and Eco Recycling is a leader in e-waste management.
The industry is expected to grow significantly in the coming years, driven by stricter regulations and increasing private sector participation.
India's waste management market is projected to grow from ₹1.2 lakh crore in 2023 to ₹1.7 lakh crore by 2030.
The new Solid Waste Management Rules, 2026, mandate four-way waste segregation and encourage greater recycling and processing.
Antony Waste reported record financials in FY26, with total operating revenue growing by 9% year-on-year to ₹920.0 crore.
EMS reported muted financial performance in FY26, with revenue falling by 24.1% year-on-year to ₹733 crore.
Eco Recycling operates a recycling facility with a capacity of 31,200 metric tons per annum (MTPA), focusing on e-waste and lithium-ion battery recycling.
- Who
- India's waste management industry, including companies like Antony Waste, EMS, and Eco Recycling.
- What
- The implementation of the Solid Waste Management Rules, 2026, which mandate four-way waste segregation and encourage greater recycling and processing.
- Where
- Across India, with a focus on urban areas and municipal corporations.
- When
- The new rules come into effect from April 1, 2026.
- Why
- To address the growing waste crisis, improve environmental sustainability, and create a more organized and circular waste management ecosystem.
Municipal Waste Processing
Sewerage and Wastewater Treatment
Focus Areas
Municipal Waste Processing
Antony Waste focuses on end-to-end solid waste management solutions, including resource recovery, bio-mining, and waste-to-energy projects.
Sewerage and Wastewater Treatment
EMS specializes in comprehensive sewerage and wastewater treatment solutions, including sewage treatment plants and water treatment plants.
Market Position
Municipal Waste Processing
Antony Waste has a strong presence in 10 states and works with over 25 municipal corporations.
Sewerage and Wastewater Treatment
EMS has a competitive advantage in winning end-to-end municipal sewerage contracts due to the exit of large competitors from labor-intensive sewerage work.
Financial Performance
Municipal Waste Processing
Antony Waste reported record financials in FY26, with total operating revenue growing by 9% year-on-year to ₹920.0 crore.
Sewerage and Wastewater Treatment
EMS reported muted financial performance in FY26, with revenue falling by 24.1% year-on-year to ₹733 crore.
Key facts
- Industry Growth
- The India waste management market is projected to grow from ₹1.2 lakh crore in 2023 to ₹1.7 lakh crore by 2030.
- Waste Segregation
- The new rules make four-way waste segregation mandatory.
- Antony Waste
- Handles approximately 6,000 tonnes per day (TPD) and can scale up to 7,500 TPD.
- EMS
- Generates around 75% of its business from water and wastewater services.
- Eco Recycling
- Operates a recycling facility with a capacity of 31,200 metric tons per annum (MTPA).
- E-Waste Generation
- India is the 4th largest e-waste generator in the world, with e-waste generation expected to grow from 6.2 MT in 2024 to 14 MT by 2030.
- EPR Compliance
- Producers and brand owners are mandated to meet escalating recycling targets, rising from 60% today to 80% by 2029.
Sources
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