Evonith Steel plant plans to increase its capacity from 1.4 million tonnes per annum to 3.5 million tonnes per annum. For this, the company may invest an amount ranging from INR 5,500 crore INR 6000 crore over the next three years.
Nov 05, 2025
Maharashtra based Evonith Steel plant plans to increase its capacity from 1.4 million tonnes per annum to 3.5 million tonnes per annum. For this, the company may invest an amount ranging from INR 5,500 crore INR 6000 crore over the next three years.
The investment will be made through a combination of internal accruals, debt and IPO, within next 18-24 months. The company under the ownership of Nithia Capital will be focusing on automotive and white goods markets.
Earlier the company has increased its production capacity from 0.5 million TPA to 1.1 million TPA through an investment of INR 1500 crore. Additionally, the new 0.3 million TPA ductile iron pipe plant is expected to be operational in December.
