A growing economy means there is an increase in public consumption, leading to higher rotation in the economy. The one thing common across products is packaging. To become a big brand, companies pack their products in plastic packages that keep them safe and make them easy to deliver.
Packaging includes outer plastic covering and thermocols that do not decompose easily and are a threat to nature. The problem of waste management is only getting bigger by the day. India produces 62 million tonnes of waste annually. Only 70% of it is collected, and 12 million tonnes is treated. 31 million tonnes end up in landfills.
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However, several companies are trying to come up with innovative solutions for waste disposal, packaging alternatives, and recycling solutions. Let's look at the top 5 companies listed on the stock exchange in this segment and the unique benefits they provide.
Eco Recycling Ltd
Ecoreco is a pioneer and leader in e-waste management. They cater to MNCs, corporates, retailers, bulk consumers, OEMs, government departments and all entities committed to environmentally friendly E-waste disposal.
Ecoreco continuously adapts to evolving customer needs and regulatory requirements in India's E-waste management sector. Their services cover the entire lifecycle, from asset removal and inventory management to packing, reverse logistics, data destruction, asset recovery, dismantling, E-waste recycling, precious metal recovery, and Corporate Social Responsibility enablement.
Ecoreco uses advanced technology in their de-manufacturing line, combining automation with manual processing methods to sort, dismantle, and shred e-waste efficiently.
Ganesha Ecosphere (Incorporated in 1987)
Ganesha Ecosphere stands as one of India's largest PET waste recycling players, known for its diversified product portfolio derived from recycled PET bottles. Its products include Recycled Polyester Staple Fiber (RPSF), specialty yarns, spun yarns, filament yarns, and bottle-grade rPET granules. With a total installed capacity of 168,440 tons and a bottle-to-bottle recycling capacity of 42,000 MTPA—one of the largest in India—the company is at the forefront of the country's recycling sector.
What sets Ganesha Ecosphere apart is its large-scale bottle-to-bottle recycling facility with approvals from the US-FDA, EFSA, and FSSAI, ensuring high safety and quality standards. The company serves over 400 customers across 20+ countries, backed by a reliable collection network of 250+ suppliers across India. This network mobilizes about 350 tons of PET bottle waste daily, helping the company recycle 16-18% of India’s PET bottle waste.
With a legacy of over three decades in the industry, Ganesha Ecosphere has built a strong reputation as a key player in promoting a circular economy through its innovative recycling practices. This makes it an attractive investment option in the waste management and recycling sector for 2024.
VA Tech Wabag Ltd.
Headquartered in Chennai, VA Tech Wabag Ltd. is an Indian multinational corporation established in Breslau in 1924. It specialises in desalination and water treatment for municipal and industrial clients. They have also completed over 6000 projects and operate in more than 30 countries.
WABAG has a rich history spanning ninety years, positioning itself as a leader in total water management. Operating across four continents, WABAG is solely dedicated to water technology, offering solutions for conservation, optimisation, recycling, and resource reuse to tackle global water challenges.
With a strong emphasis on research & development and a commitment to innovation, WABAG excels in executing engineering, procurement, and construction projects of any scale across various sectors and regions. The company maintains dedicated R&D centres in Europe and India and has 125 intellectual property rights.
Antony Waste Handling Cell Ltd
AWHCL's primary goal is to support Indian municipal corporations in addressing municipal solid waste management.
The company actively contributes to the entire waste management supply chain. They use garbage compactors to facilitate efficient waste collection and transportation, ensuring proper containment and management of waste.
They are also in the process of extracting biogas and generating electricity. They use waste-to-energy initiatives to reduce reliance on fossil fuels, simultaneously reducing greenhouse gas emissions and promoting the principles of a circular economy.
EMS Limited
EMS Limited is a versatile Engineering, Procurement, and Construction company headquartered in Delhi. The company offers turnkey services for water and wastewater management, including collection, treatment, and disposal solutions.
With a commitment to sustainable development, EMS has promoted a clean and green environment alongside modern infrastructure since its establishment in 1998. They are present in various states in India and have garnered immense satisfaction and enthusiasm from customers.
Conclusion
The lifecycle of waste comprises multiple stages, and the companies mentioned above have demonstrated effective management throughout. All these companies have shown a remarkable rise in the last two years, reflecting the increasing emphasis on climate change initiatives and improved waste management practices.​​​​​​​
In addition to the listed companies, numerous other firms are working full-time to develop new products from recycled waste pellets. This segment is expected to grow shortly, presenting a promising investment opportunity for investors. Investing in a good waste management company can provide financial benefits and opportunities to contribute to a cleaner and more environmentally friendly future in this industry.
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