WTE plants in India dont have a great track record, quality of waste being the primary reason, see this…https://cdn.cseindia.org/docs/aad2019/swati-AAD.pdf
So we need to wait to see how the plant operates in first couple of years, while the mgmt has said that they will reach the peak performance within first year of operations, we need to take that (optimistic) guidance with a pinch of salt. Only then we will know if this project will be value accretive or destructive.
On the other point, I also have been curious to know how the company will diversify. The company had mentioned once in the past that the board is looking at multiple areas, the construction debris management is probably the first of such steps.
Edite 1: this news is scary…Waste to energy plant issues and the need for waste segregation
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