Shivam Pipe Industries, a 51% subsidiary of KD Green Industries Limited (formerly known as manbro industries Limited), has secured orders aggregating to ₹4.40 crores (approx.) for the supply of Galvanized Steel Tubular Electric Poles to Meghalaya Power Distribution Corporation Ltd. (MePDCL). The order was announced on 11th July, 2026, from Guwahati, and was disclosed to BSE Limited by Managing Director Dilip Kumar Goenka.

Order Details

The order has been received under the Revamped Distribution Sector Scheme (RDSS) with delivery on an immediate basis. It was awarded through a contractor executing power distribution for MePDCL. The key details of the order are summarised below:

Company Background and Vendor Status

Shivam Pipe Industries operates as a 51% subsidiary of KD Green Industries Limited, which was earlier known as Manbro Industries Limited. The company markets its Galvanized Steel Tubular Electric Poles under the brand name 'Xtech'. Shivam Pipes is already a registered vendor with multiple electricity utilities across North Eastern states, including under the RDSS framework, reinforcing its established presence in the region's power infrastructure supply chain.

About the Order Channel

The order was not directly awarded by MePDCL but through a contractor executing power distribution work for the corporation. This reflects the company's integration into the broader contractor-driven execution model prevalent under government-backed distribution schemes such as RDSS.

The disclosure was made to the Department of Corporate Services, BSE Limited, for the information of shareholders and stakeholders of KD Green Industries Limited.

KD Green Industries Limited (formerly known as Manbro Industries Limited) has approved a merger with KD Iron & Steel Private Limited to create a leading green steel and sustainable infrastructure conglomerate. The Board of Directors approved the proposed merger in principle on June 9, 2026, subject to completion of due diligence, statutory approvals, and regulatory clearances. The strategic move aims to combine the manufacturing capabilities of both entities to strengthen their presence in green steel, AAC blocks, and infrastructure products.

The merger is classified as a related party transaction involving common promoters but will be conducted at arm's length. KD Iron & Steel Private Limited, the flagship entity of the KD Group, manufactures branded steel products under the XTECH brand in North-East India. The combined entity intends to leverage KD Iron & Steel's established manufacturing excellence and brand value to drive long-term growth and shareholder value.

Financial and Operational Details

KD Green Industries Limited reported a turnover of ₹22,83,24,597 for the financial year ending March 31, 2026, with a share capital of ₹10,15,10,500. KD Iron & Steel Private Limited recorded a significantly higher turnover of ₹3,15,94,24,019 for the same period, with a share capital of ₹9,65,42,760.

Strategic Benefits and Expansion

The proposed merger is expected to unlock transformational value by creating a green manufacturing hub, enhancing manufacturing scale, and improving operating efficiencies. KD Iron & Steel is currently undertaking a substantial expansion with a total project outlay of ₹325 Crore. This includes increasing furnace capacity from 90,000 MT to 1,80,000 MT annually and rolling capacity from 99,000 MT to 2,00,000 MT annually, alongside the installation of a 25 MW captive solar power plant.

The company has also received approval for incentives from the Government of Assam aggregating approximately ₹600 Crore over the next 15 years. These incentives are expected to enhance profitability and strengthen cash flows. The merged entity is poised to become KD's flagship entity, consolidating group businesses to drive sustainable growth in the region.

The intimation was submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Dilip Kumar Goenka, Managing Director.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE348N01042/22fd208f-3ee0-4f29-8eab-2600f9171628.pdf