Kundan Green Energy announces the acquisition of M/S Jabalpur MSW Pvt. Ltd., a well-established Waste-to-Energy plant that was previously maintained and operated by M/S Essel Group. This acquisition was completed through NCLT proceedings on 04th April 2025, reinforcing Kundan Group’s commitment to sustainable power generation and efficient waste management. This acquisition was made possible under the Insolvency and Bankruptcy Code (IBC) through a process initiated by the State Bank of India.
The Jabalpur plant stands out as one of the successful Waste-to-Energy projects in India. It has an installed capacity of 11.5 MW allowing the processing of 450 tons (+/-10%) per day of municipal waste. The plant is equipped with cutting-edge Hitachi technology, which in itself provides high end equipment’s ensuring efficiency and reliability.
Jabalpur Municipal Corporation will be providing the raw fuel to keep operations running smoothly, while the energy generated will be fed directly into the Madhya Pradesh Electricity Regulatory Commission’s grid. This project will decrease the overall waste accumulation in the landfill sites in Jabalpur and make the environment cleaner and greener. With the same we are aligning our vision and mission to achieve the ESG targets of India ensuring long term sustainability.
“This marks a significant step forward for us. Waste-to-energy solutions are the need of the hour, and this facility has immense potential. Our goal is to optimize its operations, maximize efficiency, and contribute to India’s renewable energy landscape. The said acquisition aligns to our target of achieving 300MW by FY27. The company is acquired at an estimated cost of INR 65 crores which will generate a revenue of ~INR 35 crores and EBITDA of more than INR 20 crores. This marks a significant step forward to achieve the revenue target of INR 400 crores by FY27” said Mr. Udit Garg, Managing Director of Kundan Green Energy.
Kundan Green Energy has always remained focused on innovation and sustainability. Acquisition of this plant not only strengthens its mission of delivering clean energy but also serves as a model for efficient and effective waste management. With its expertise and forward-thinking approach, the company is all set to play a key role in India’s renewable energy transition. With the said acquisition, Kundan Green Energy has marked its presence in all the key verticals such as Hydro, Solar and Waste-to-Energy in renewable energy.
About Kundan Group:
Established in 1971, Kundan Group is a conglomerate operating in three key verticals:
·Renewable Energy
·Refining and Processing of Minerals and Metals
·Mining of Precious Metals and other Critical Minerals
With a strong financial foundation, the group has an annual turnover of more than INR 30,000 crores.
