Nithia Capital has announced the launch of the Evonith brand platform for its investments in India in steel, metals & mining, power, infrastructure, and allied industries. The name Evonith signifies the evolution of Nithia. The logo showcases three peaks keeping in mind the core values of the organisation, ie, people, impact, and excellence. As a brandWe are HERE FOR ALL —for our clients, our people, and our entire community.We are HERE for the safety and well-being of our people in the plants, in their workplaces, and in their lives.We are HERE for the sustainability of our communities.We are HERE to strengthen and grow our relationships with all of our stakeholders.We are HERE for a BETTER TODAYWe are Evonith!Nithia Capital’s Founder & CEO and Chairman of newly launched Evonith Mr Jai Saraf said “Evonith is rooted in a mindset of continuous evolution. We believe in eternally moving upwards and onwards. It reflects in our core identity. The launch of Evonith in India furthers our desire to grow beyond conventional business models and become the backbone of our community, the lynchpin of sustainability, and to continue to hold ourselves to a higher standard.”Mr Saraf added “We are not just a manufacturing business, but a cost-efficient, sustainable corporation that cherishes its local communities. By enhancing the lives of our stakeholders through a variety of socio-cultural and well-being initiatives, we have built a vibrant and forward-thinking workplace.”Over the past two years, Nithia has successfully turned around the operations of UGML and UVSL breaking all production and productivity records of the past. UGML successfully completed and commissioned the second blast furnace, thereby clearing the path to take the iron making capacity to 1.5 million tonne per annum upon completion of relining of BF with expanded volumeAt the Wardha Steel Complex, Evonith has a designated investment strategy to transform the current asset base through to make it a fully integrated 2.5 plus million tonne per annum steelmaking complex. Furthermore, Evonith will continue to seek investment opportunities across the metals & mining space where its values and business expertise can be brought to the fore.Nithia's flagship Indian investments in Uttam Galva Metallics Limited and Uttam Value Steels Limited will also rebrand itself as below, once all legal and compliance formalities are completed soon:UGML: Evonith Metallics LimitedUVSL: Evonith Value Steel LimitedCommenting on the launch Jai Saraf, of UGML provides the hot metal/pig iron for UVSL and third parties to manufacture steel. UVSL manufactures steel from this hot metal to produce value added flat steel products such as hot rolled coil, cold rolled coil and galvanised coils and sheets.
Nithia Capital has announced the launch of the Evonith brand platform for its investments in India in steel, metals & mining, power, infrastructure, and allied industries. The name Evonith signifies the evolution of Nithia. The logo showcases three peaks keeping in mind the core values of the organisation, ie, people, impact, and excellence. As a brandWe are HERE FOR ALL —for our clients, our people, and our entire community.We are HERE for the safety and well-being of our people in the plants, in their workplaces, and in their lives.We are HERE for the sustainability of our communities.We are HERE to strengthen and grow our relationships with all of our stakeholders.We are HERE for a BETTER TODAYWe are Evonith!Nithia Capital’s Founder & CEO and Chairman of newly launched Evonith Mr Jai Saraf said “Evonith is rooted in a mindset of continuous evolution. We believe in eternally moving upwards and onwards. It reflects in our core identity. The launch of Evonith in India furthers our desire to grow beyond conventional business models and become the backbone of our community, the lynchpin of sustainability, and to continue to hold ourselves to a higher standard.”Mr Saraf added “We are not just a manufacturing business, but a cost-efficient, sustainable corporation that cherishes its local communities. By enhancing the lives of our stakeholders through a variety of socio-cultural and well-being initiatives, we have built a vibrant and forward-thinking workplace.”Over the past two years, Nithia has successfully turned around the operations of UGML and UVSL breaking all production and productivity records of the past. UGML successfully completed and commissioned the second blast furnace, thereby clearing the path to take the iron making capacity to 1.5 million tonne per annum upon completion of relining of BF with expanded volumeAt the Wardha Steel Complex, Evonith has a designated investment strategy to transform the current asset base through to make it a fully integrated 2.5 plus million tonne per annum steelmaking complex. Furthermore, Evonith will continue to seek investment opportunities across the metals & mining space where its values and business expertise can be brought to the fore.Nithia's flagship Indian investments in Uttam Galva Metallics Limited and Uttam Value Steels Limited will also rebrand itself as below, once all legal and compliance formalities are completed soon:UGML: Evonith Metallics LimitedUVSL: Evonith Value Steel LimitedCommenting on the launch Jai Saraf, of UGML provides the hot metal/pig iron for UVSL and third parties to manufacture steel. UVSL manufactures steel from this hot metal to produce value added flat steel products such as hot rolled coil, cold rolled coil and galvanised coils and sheets.
