Urban Enviro Waste Management Share Price

Urban Enviro Waste Management Limited was originally incorporated on June 2, 2011 as Nagpur Waste Handling Private Limited. In 2022, the name of the Company was changed to Urban Enviro Waste Management Private Limited, and subsequently, the Company was converted into a Public Limited Company as Urban Enviro Waste Management Limited w.e.f. March 30, 2022. The Company was established with an objective to undertake field operations in area of waste management including Municipal Solid Waste, Bio medical, Industrial, slaughter house waste and agricultural waste. The companys work also includes operating for primary and secondary collection, lifting and transportation, treatment, disposal and recycling of all kinds of waste, to undertake Research and Development activities on waste management and handling and to manufacture equipment and machinery for waste handling. Other works also includes to carry on the business of providing manpower like staff, workers, labors skilled/unskilled required by various industries and organizationsThe Company carry on the business of providing manpower like staff, workers, labors skilled/unskilled required by various industries and organizations. It primarily undertake: (i) MSW projects which involve door to door collection of MSW from households, slums, commercial establishments and other bulkwaste generators through primary collection vehicles like compactors, dumper placers and tippers and transportation of these materials, to the processing facility, transfer station or a disposal site. (ii) MSW processing projects which involve sorting and segregating the waste received from MSW, followed by composting, as required and (iii) Street sweeping projects which involve deploying of sweeping brooms, manpower, comprehensive maintenance, consumables, safe disposal of waste and other items required for cleaning operation in the designated areas.The Company has undertaken more than 27 projects as of January 31, 2023, of which 5 are completed to handle large scale projects for municipalities and the balance 22 ongoing projects comprise of MSW projects, MSW processing project and sweeping projects. The Company made a public issue aggregating upto 11,42,400 equity shares of face value of Rs 10 each by raising funds to Rs 11.42 Cr comprising a fresh issue of 9,20,000 equity shares amounting to Rs 9.2 Crore and 2,22,400 equity shares to Rs 2.22 Cr by offer for sale in June, 2023.In FY 2025, the initial phase focused on simply collecting waste from urban areas and transporting it to dumping grounds or landfills to prevent unhygienic conditions and the spread of disease. The Company launched sanitary landfills, with protective layers to prevent groundwater contamination, replacing uncontrolled open dumping.