Evonith Steel, a leading steel company in India, has recommissioned the No. 1 blast furnace at its Evonith Steel City complex located at Wardha, close to Nagpur, in Maharashtra. The facility will significantly increase the production capacity of the company. The recommissioned blast furnace will yield 550,000 MT of hot metal per year and support the production of Blast Furnace No. 2, which has been producing more than 700,000 MT per year. This will take Evonith’s hot metal production capacity to 1.3 million MT per year, further establishing it as a growth leader in the mid-sized flat steel production market.
The increased capacity will essentially feed into Evonith Value Steel Limited, which will produce value-added flat steel products. In parallel, excess pig iron so produced can be offered for use to downstream steel manufacturers, ensuring both steel-grade and foundry-grade input materials to them. In this development, Evonith Steel again underlines the strategic vision of establishing an integrated hub for steel production across central India, taking up the added benefits of existing infrastructure and logistics. This plant has a captive railway siding, which provides excellent access to major raw materials, thus facilitating distribution through the major markets nationwide.
Nithia Capital acquired Evonith Steel in December last year, and it has continually invested in upgrading and environment improvements across operations since. Among others, the company completed its capital projects such as putting BF2 in place, enhancement of raw material handling system upgrade, sinter plant increased its capacity up to 1.5 million MT a year, and reduced emission of dust. That would be aligned with a sustainable and efficient production approach to position Evonith Steel City as one of the biggest steel-producing sites, as its capacity will be upscaled to 2.5 million MT in the following years.
This will increase production while incorporating high efficiency in pollution control, energy-friendly technologies, and reduction of waste, all implying a low environmental impact. With this project, Evonith Steel declares itself to be committed to long-term sustainability and higher efficiency, by which it seeks to move forward with further industrial developments within the steel sector.
The completion of the project is a testimony to Nithia Capital’s investment philosophy, which emphasizes the transformation of underperforming, asset-heavy industries into sustainable and competitive ventures. Founded in 2010, Nithia specializes in turning around industrial companies with expertise in sectors such as steel, power, and resources. Its strategy focuses on creating a sustainable industrial portfolio in emerging markets, bringing operational, financial, and commercial expertise to revitalize and scale its acquired assets.
Evonith Steel’s production approach on an integrated basis is the focus for this re-commissioned Wardha facility, all the way from producing hot metal to rolling out finished steel products ranging from hot rolled coils and cold rolled coils to galvanized sheets. The event holds a landmark place in the company’s expansion process to enhance competitiveness in the rising demands for high-quality steel products from regional markets as well as internationally.
Source: PRNewswire