In the summer of 2024, a Chinese firm that runs waste-to-energy plants sold its entire Indian business for Rs 1 crore – about the price of a modest flat in the city it had been hired to clean. Seven years earlier it had bought that same business, pumped in roughly Rs 428 crore, and promised to shrink the growing landfills in Gurugram and Faridabad.

Somewhere between the Rs 428 crore that went in and the Rs 1 crore that came out is the story of too many backers disappointed. And it is not a simple one, of an Indian company taking foreign investors for a ride.

This is the story of that Indian firm, Ecogreen Energy Pvt Ltd, failing to deliver the Indian........

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