Mumbai, Dec. 18 -- The contracts were secured through a joint venture comprising AG Enviro Infra Infra Projects (51%), Jigar Transport Company (29%) and M.K. Enterprises (20%).

Under the contracts, the JV will handle approximately 650 MT per day from A, B, C & D wards and 600 MT per day from N, S & T wards, supplying owned new vehicles for the next seven years. The total value of the contracts is around Rs 1,330 crore.

The company clarified that neither promoters nor promoter group have any interest in BMC, and the contracts do not qualify as related-party transactions.

Antony Waste Handling Cell is engaged in the business of mechanical power sweeping of the roads and collection & transportation of municipal solid waste.

The company's...