KD Green Industries and KD Iron & Steel Announce Proposed Merger to Forge Green Steel and Infrastructure Conglomerate

KD Green Industries and KD Iron & Steel Announce Proposed Merger to Forge Green Steel and Infrastructure Conglomerate​

Guwahati, June 09, 2026 - KD Green Industries Ltd., formerly known as Manbro Industries Ltd., has announced that its Board of Directors has approved in principle the proposed merger with KD Iron & Steel Private Limited. The combined entity is aimed at creating a stronger, diversified industrial conglomerate focused on the green manufacturing of value-added steel products, AAC Blocks, and infrastructure steel for sectors including power, railways, and telecom.

The proposed merger is subject to the completion of due diligence, statutory approvals, regulatory clearances, and other necessary approvals.

Strategic Imperatives of the Merger​

The consolidation aims to unlock transformational value across several dimensions, establishing a comprehensive green manufacturing hub. The strategic benefits of merging KD Green Industries with KD Iron & Steel include:

• Enhanced Scale: Substantially improving manufacturing scale and production capabilities.
• Financial Strengthening: Achieving a stronger balance sheet and improved cash flows.
• Operational Efficiencies: Improving operational efficiencies across the combined entity.
• Consolidation: Transforming the newly merged listed entity into the flagship entity of the KD Group, driving significant shareholder value and long-term sustainable growth.

Operational Prowess and Sustainability of KD Iron & Steel​

KD Iron & Steel Pvt Ltd., a flagship entity of the KD Group, is recognized as a leading manufacturer of branded steel products in North-East India under its XTECH brand. The company places strong emphasis on environmentally responsible manufacturing practices.

Key aspects of their commitment to sustainability include:

• Raw Material Utilization: Using post-consumer and industrial scrap metal as primary raw material, which significantly lowers the overall carbon footprint compared to virgin iron ore usage.
• Manufacturing Process: Employing an Electric Induction Furnace along with a ladle refining furnace for cleaner, more energy-efficient steel melting processes, leading to lower emissions per tonne of steel.
• Energy Commitment: The company is powered increasingly by renewable energy, including plans for a 25MW captive solar power plant.

KD Iron & Steel has also established itself as a technology leader in North-East India, utilizing advanced systems such as German Technology Computerized Rolling Mills and the Thermex Quenching System. They are certified to produce Seismic Zone-V TMT Bars and utilize Twin Double Ribbed Structure Technology for superior structural performance when used with concrete. The company is also noted as being the first in Assam to achieve Direct Rolling of TMT Bars from Molten Steel Billets.

Expansion Roadmap and Government Backing​

KD Iron & Steel is undergoing a substantial expansion program, committed through a total project outlay of ₹325 Crore. This initiative includes capacity augmentation for TMT Bars and the installation of a 25MW captive solar power plant.

The planned increases in production capacities are detailed below:


The expansion is expected to deliver operating leverage and energy cost savings. Furthermore, the company has secured approval for incentives from the Government of Assam, totaling approximately ₹600 Crore over the next 15 years, which are intended to bolster profitability and accelerate future growth in North-East India.

Company Overview and Management View​

KD Green Industries Ltd., formerly Manbro Industries Ltd., is part of the KD Group, an Integrated Infrastructure and Building Materials Manufacturing Conglomerate based in Guwahati. The group’s business interests span green steel products (branded XTech), branded AAC Blocks ('Green AAC Block'), Old Vehicle Scrapping, and setting up Steel Fabrication for Infrastructure.

Management commented on the proposed merger, stating: "The proposed merger marks a transformational step in our journey towards building a diversified and sustainable industrial conglomerate. By combining KD Green Industries' growth vision with KD Iron & Steel's manufacturing excellence and strong XTECH brand, we are creating a powerful foundation for long-term growth, innovation and value creation."

Stock Price Movement​

Manbro Industries Ltd settled at ₹67.90 on Tuesday, climbing 8.24% after trading strong gains. The shares moved between an intraday low of ₹61.00 and a high of ₹68.00.