Evonith Steel has announced a Rs 6,000 crore expansion plan that will quadruple its production capacity and prepare the company for a future public listing. 

The investment will modernize its integrated steel operations, expand value-added product lines, and improve raw-material security through captive resources.
The expansion comes amid strong domestic demand from infrastructure, automotive, and construction sectors. India’s steel consumption has grown over 11 percent year-on-year, encouraging mid-sized players like Evonith to scale up.

As part of its growth plan, Evonith will upgrade existing plants with advanced energy-efficient furnaces and automation systems. The company also plans to enhance ESG compliance and circular-economy practices to meet global investor expectations ahead of its IPO.

With the steel industry entering a new growth cycle driven by India’s infrastructure push, Evonith’s move positions it to compete with larger integrated players and tap both domestic and export opportunities.