Steelworld

KD Green Industries Announces Proposed Merger with KD Iron & Steel

New Delhi, June 10, 2026: KD Green Industries Ltd has announced in-principle approval for a proposed merger with KD Iron & Steel Pvt Ltd, subject to due diligence, regulatory clearances, and other statutory approvals.

The merger aims to create a diversified industrial platform focused on green manufacturing, value-added steel products, AAC Blocks, and infrastructure steel products serving sectors such as power, railways, and telecom.

KD Iron & Steel, the flagship company of the KD Group, manufactures branded steel products under the XTECH brand and currently operates a steel melting capacity of 90,000 MT and rolling capacity of 99,000 MT per annum. The company is undertaking a ₹325 crore expansion project that will double its furnace capacity to 1,80,000 MT and increase rolling capacity to 2,00,000 MT annually. The expansion also includes the development of a 25 MW captive solar power plant.

Focused on sustainability, KD Iron & Steel utilizes recycled metal scrap and electric induction furnace-based steelmaking. The company has also secured approximately ₹600 crore in incentives from the Government of Assam over 15 years. The proposed merger is expected to strengthen manufacturing capabilities, improve operational efficiencies, and establish the merged entity as the flagship company of the KD Group.

PRESS RELEASE

Shri Subhasis Sengupta Assumes Charge as Director (Operations), RINL

Subhasis Sengupta has assumed charge as Director (Operations) of Rashtriya Ispat Nigam Limited on June 3, 2026.

A Mechanical Engineering graduate from Bengal Engineering & Science University with an M.Tech from National Institute of Technology Durgapur, Shri Sengupta brings over three decades of experience in steel production, maintenance, projects, and plant management. He joined Steel Authority of India Limited in 1992 as a Management Trainee.

Before joining RINL, he served as Chief General Manager (Projects) at Durgapur Steel Plant, where he led major expansion projects. He also played a key role in improving production and operational efficiency during his tenure as Unit Head of SAIL Growth Works.

At RINL, Shri Sengupta aims to drive operational excellence, capacity utilization, digital transformation, sustainability, and cost optimization while leveraging technologies such as IoT, AI, and Machine Learning to enhance plant performance and reliability.

Glimpses from the 15th Special Steels Convention 2026, held in Pune on 29 May 2026. The convention brought together industry leaders, technology experts, and steel professionals to exchange insights on the future of special steels, sustainability, green steelmaking, and innovations shaping the industry's growth. The event featured engaging panel discussions, insightful corporate business presentations, networking opportunities during lunch and interactive tea and coffee breaks, fostering meaningful industry dialogue and collaboration and the detail report follows.