Escrow Account
KEIL is maintaining an Escrow account jointly with the Kerala State Pollution Control Board and State Bank of India, Ambalamedu Branch, as the Escrow operating agent. Account No: 38988517478.
The Escrow account is maintained as per the directive of the Ministry of Environment, Forest & Climate Change (Order No: 23-1/2008-HSMD dated 16-04-2009). 5.0% of the annual turnover from landfillable waste is deposited in the Escrow account to take care of Post Closure monitoring and also to take care of any unforeseen exigencies with approval from Kerala State Pollution Control Board.
An amount of Rs. Rs. 623.54 lakh was deposited in the Escrow account for the period from 1st April 2009 to 31st March 2025, and an amount of Rs. 144.58 lakhs was deposited in this account on 25/06/2026 in respect of 5% of the annual turnover of landfillable waste for the FY 2025-26. The total amount deposited in the Escrow account is Rs. 768.12 lakhs for the period up to 31/03/2026.
