KD Green Industries Announces Proposed Merger with KD Iron & Steel
KD Green Industries Ltd. (formerly Manbro Industries Ltd) has announced its Board of Directors has approved, in principle, a proposed merger with KD Iron & Steel Private Limited. This strategic move aims to create a diversified industrial conglomerate focused on green manufacturing of steel products, AAC Blocks, and infrastructure steel for various sectors. KD Iron & Steel, a leading steel manufacturer in North-East India under the XTECH brand, boasts significant furnace and rolling capacities. The merger is contingent upon due diligence, statutory approvals, and regulatory clearances. KD Green Industries is also investing ₹325 Crore in capacity expansion and a 25MW captive solar power plant, with plans to appoint brand ambassadors Sanjay Dutt and Nishita Goswami to enhance market presence.
Key Highlights
- KD Green Industries and KD Iron & Steel propose to merge.
- Merger aims to create a green steel and sustainable infrastructure conglomerate.
- KD Iron & Steel has current capacities of 90,000 MT furnace and 99,000 MT rolling.
- Company plans ₹325 Crore expansion including a 25MW captive solar plant.
- Sanjay Dutt and Nishita Goswami appointed as Brand Ambassadors.
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