A2Z Infra Engineering’s subsidiary company - A2Z Green Waste Management (previously known as A2Z Infrastructure) has agreed to a framework with one of its lenders on November 19, 2016 for settlement of its various debt obligation aggregating to Rs 416.18 crore.
This settlement may include the transfer of two projects of A2Z Green namely - a 500 TPD of Processing and Disposal (P&D) unit for the purposes of Municipal Solid Waste Management at Indore city; and a 1500 TPD of P&D Unit, Collection & Transportation (C&T) facility of Municipal Solid Waste along with 15MW Power Plant, located in Kanpur city.
The settlement would be subject to execution of definitive agreement(s) and further subject to various requisite approval(s) of its stake holders including shareholders and lenders as may be required.
