What is KD Iron & Steel planning to build?

It will invest ₹325 crore to expand furnace capacity to 1,80,000 metric tonnes per year and rolling capacity to 2,00,000 metric tonnes per year, along with a 25MW captive solar plant.

What are the details of the Assam government incentives?

The target has received approval for approximately ₹600 crore in incentives from the Government of Assam, to be disbursed over the next 15 years.

Is the merger complete?

No. The merger has been approved in principle by KD Green's board but remains subject to due diligence, regulatory approvals, and other clearances.

How does the target's expansion compare to KD Green's size?

KD Green has a market capitalization of approximately ₹637 crore. The target's announced ₹325 crore expansion plan alone is about half of that valuation.

M&A · Trading · Micro cap

KD Green's merger target locks in ₹600 cr from Assam

The target's expansion plan and incentive package are now public. They dwarf the micro-cap's own valuation.

— 1 earlier story on KD Green Industries Ltd. →

MANBRO By Tipsheet Editorial 9 Jun 2026 · 6:21 PM IST Verify on BSE · NSE

Mkt cap₹685 cr

ROE1.44%

Debt / eq.0.01

₹600 cr Incentives approved from the Government of Assam over 15 years.

What's new

KD Iron & Steel will invest ₹325 crore to expand furnace and rolling capacity.
The target has secured approval for ₹600 crore in Assam government incentives over 15 years.
The merger remains subject to due diligence and regulatory clearance.

Why this matters

This is no longer a strategic concept. The target is planning a ₹325 crore buildout backed by ₹600 crore in state incentives. For a company with a market cap of ₹637 crore, the expansion alone is a huge bet.

What we're watching

The funding mechanism for the ₹325 crore capex within the combined entity.
Progress on the due diligence and regulatory approvals required to close the merger.
The structure of the 15-year incentive disbursements from Assam.

The full read

The merger between KD Green Industries and KD Iron & Steel now has hard numbers. The target will spend ₹325 crore to push furnace capacity to 1,80,000 MT and rolling capacity to 2,00,000 MT per year. It has also locked in ₹600 crore in incentives from Assam over 15 years. For a company with a market cap of ₹637 crore, the math is stark. The expansion plan alone is a massive bet. The combined entity is planning a state-backed capacity ramp that dwarfs KD Green's current scale. Hardly a routine merger update. The deal is not final, still subject to due diligence and regulatory sign-off. The funding question is the next test.

Questions answered

What is KD Iron & Steel planning to build?: It will invest ₹325 crore to expand furnace capacity to 1,80,000 metric tonnes per year and rolling capacity to 2,00,000 metric tonnes per year, along with a 25MW captive solar plant.
What are the details of the Assam government incentives?: The target has received approval for approximately ₹600 crore in incentives from the Government of Assam, to be disbursed over the next 15 years.
Is the merger complete?: No. The merger has been approved in principle by KD Green's board but remains subject to due diligence, regulatory approvals, and other clearances.
How does the target's expansion compare to KD Green's size?: KD Green has a market capitalization of approximately ₹637 crore. The target's announced ₹325 crore expansion plan alone is about half of that valuation.

Mentioned: KD Iron & Steel Private Limited · ₹325 crore expansion · ₹600 crore Government of Assam incentives

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on MANBRO →

9 Jun 2026 · 6:21 PM IST KD Green's merger target locks in ₹600 cr from Assam
5d ago KD Green Industries board to weigh acquisition or merger on June 9