• ESG at Evonith Steel

Shaping Progress With Sustainably

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Building a Greener Tomorrow, Today

Welcome to Evonith Steel’s second sustainability report, reaffirming our commitment to transparency, accountability, and continuous improvement across environmental, social, and economic performance. This report builds on our first, sharing progress, challenges, and future goals on our sustainability journey.

We will continue publishing this report annually, aligning with government standards and evolving our measurement systems to ensure accurate and responsible reporting.

Evonith Steel Team
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Worker amidst greenery
Women construction workers
Women steel workers
Women workers
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At the heart of our journey lies a simple truth – strength must be sustainable. As we forge steel for tomorrow’s world, our commitment to environmental responsibility, social equity, and ethical governance is not just a choice; it is our legacy in the making.

Jai Saraf

Chairman, Evonith Steel

Jai Saraf - Seated chairman portrait

Planet-first Approach

Greening the Future Beyond Compliance. Evonith Steel's Pledge to Environmental Stewardship 2025

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2.20 Million tCO₂e

Scope 1 & 2 emissions

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393,726 m³

Water Reused and Recycled

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22,682 Tera Joules (TJ)

Total energy consumption

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557,394 Metric Ton

Material Recycled Circular Economy

People-Powered Prosperity Fostering Well-being. Evonith Steel’s commitment to Social Responsibility.

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0.32

LTIFR Permanent

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Zero

Fatalities in FY’25

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49,375 Hours

Invested in employee training

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₹31.07 Million

Amount spent on CSR

Leading with Integrity. Evonith Steel's Governance Paradigm.

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33%

Board’s gender diversity

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₹0.48 Million

Amount spent in R&D

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6

New products developed

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ERP (SAP-HANA)

Digitization

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100% Employee Coverage

POSH training

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GHG Emissions

Water Consumption

Energy Consumption

LTIFR

Total Workforce

Disclaimers

We’ve conducted an assessment and developed the ESG strategy framework for the Company. Having embarked on this journey, we have published this inaugural Sustainability Report. We wish to assure the readers that the information detailed is accurate, reliable and covers all the topics of material importance to the organization’s stakeholders.

Reference standard

This report has been developed in accordance with the Global Reporting Initiative (2021) Standards for the period between 1st April 2024 to 31st March 2025.

Data compilation methodology

The data published in our sustainability report has been collected through various internal reporting systems. We employ comprehensive data management system for collecting, analyzing, and managing data for our sustainability report. We have undertaken a comprehensive materiality assessment through dialogues with relevant stakeholder groups with the aim of identifying key sustainability issues perceived by the stakeholders. Standard calculation methodologies for estimation and quantification of data have been used. Our direct and indirect emissions and energy consumption are calculated using the emissions and energy factors published by the Intergovernmental Panel on Climate Change (IPCC) and Central Electricity Authority (CEA).

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    Connie Silveira

    Corporate Social Responsibility (CSR)

    Connie Silveira leads the Corporate Social Responsibility (CSR) function at Evonith Steel, bringing over 18 years of diverse experience in program design, stakeholder engagement, community development, and mental health advocacy. She has been instrumental in establishing Evonith Steel’s CSR department from the ground up—developing strategic frameworks, driving regionally relevant initiatives, and fostering strong relationships with local communities, government bodies, and development organizations. Her work has been pivotal in aligning the company’s social impact efforts with broader environmental and ethical standards. Her leadership is rooted in a deep understanding of community dynamics, backed by her academic background in Master’s in Applied Psychology. She has successfully led multi-stakeholder initiatives, implemented large-scale programs in education, health, sanitation, and empowerment, and championed sustainability reporting and compliance.

    P. K. Patnaik

    Vice President of Supply Chain Management

    Meet PK Patnaik, an experienced professional with over 34 years of expertise in procurement, logistics, port operations, supply chain management, and the purchase of bulk raw materials and ferroalloys. PK Patnaik possesses strong leadership, analytical and coordination skills, and is competent in a diverse range of areas such as bulk raw material procurement, plant operations, and pelletization of iron ore and chrome ore. As a Vice President of Supply Chain Management at Evonith, his extensive knowledge of SE, East Coast, and SW Railways enables him to handle the movement of raw materials in rakes, cargo handling at port, and procurement of iron ore from PSUs like NMDC, OMC & Pellet from KIOCL.
    Evonith Team Member

    R. K. Sharma

    Industrial Relations and Human Resources professional

    Meet Rama Kant Sharma, an Industrial Relations and Human Resources professional with 40 years of experience in Automobile, Petrochemical and Steel Industry (20 years).

    RK, a graduate in Sociology & Economics along with PG Diploma in Personnel Management & Industrial Relations possesses excellent inter personal skills and successful track record in dealing with IR, HR & PR issues. Prior to joining Evonith Steel as Head – HR he has worked with a Public sector, RPG Enterprise, Bhansali Engineering, Monnet Ispat, Llyods Steel and Uttam Group and has held leadership positions as General Manager, President – HR and lastly Group President – Corporate Affairs.

    He has been honored as one of the Top 100 HR Leaders in India by World HRD Congress in 2015.

    Evonith Team Member

    Manish Bawa

    Chief Marketing Officer

    Meet Manish Bawa, who joined Evonith as an assistant manager, after accumulating 29 years of extensive steel industry experience. He has previously worked with organizations such as JSW and Lloyd Steel. Manish is also an XLRI alumnus for strategic management, and he holds a Master’s in Business Administration (Marketing) from Pune’s top Symbiosis college. At Evonith, Manish has shown diligent and persistent results, which have helped him rise through the ranks fast. Today, Manish is Evonith’s Chief Marketing Officer, and his dedication and innovation is just as fresh today as it was on the day that he started.
    Evonith Team Member

    Ratnaprasad Atluri

    Chief Operating Officer

    Ratnaprasad Atluri is a seasoned professional with over 40 years of experience in operations and project management within the steel industry. His career in the steel industry began with a position at the Visakhapatnam Steel Plant. He has held key roles at reputable organisations, including JSW and Essar Steel, and currently serves as the Chief Operating Officer at Evonith Steel. Ratnaprasad applied his extensive industry expertise to successfully steer Evonith Steel’s plant at Wardha to operational success, all while prioritising efficiency.
    Evonith Team Member

    Anil Bangur

    Chief Executing Officer

    Meet Anil Bangur, Evonith Steel’s Chief Executing Officer. Anil, an associate member of the Institute of Chartered Accountants of India, is a gold medalist from India’s prestigious Banaras Hindu University. His 25 years of industry experience comes from different core areas, such as finance, accounting, taxation and operations, making him a valuable asset for Evonith Steel.

    His insight into commercial and operations management in the metals and mining industry is probably one of the best among his peers. Before joining Evonith Steel as a CEO, Anil previously served as the CFO of Zambia’s Luanshya Copper Mines, Chambishi Metals Plc, and ENRC Africa’s Copper and Cobalt division.

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    Rajib Guha

    Non-Executive Director

    Meet Rajib Guha. He brings over 20 years of valuable experience in investment banking, capital markets and global M&As to the Nithia Capital table. And what’s more, is that he has proven his mettle in different geographical regions across the world. His experience is backed by an enviable educational background, for he holds a CFA Charter and a Masters in Business Administration.

    Before joining the Nithia family, Rajib served as the Chief Investment Officer at Zamin Resources, Managing Director (Emerging Markets) at Royal Bank of Canada, Vice President at Citibank(London), and Vice President at JM Morgan Stanley.
    Evonith Team Member

    Jai Saraf

    Chairman

    Meet Jai Saraf, accounting expert and founder of Nithia Capital. Jai is an industry stalwart with over 30 years of experience in mergers and acquisitions, particularly in the metals and mining industry. Armed with a Masters in Business and Finance that complements his in-depth knowledge of the industry, Jai serves as the efficient CEO steering the Nithia Capital ship today.

Before founding Nithia Capital, Jai held other important positions; such as the CFO of Eurasian Resources Group (formerly Eurasian Natural Resources Corporation), CEO of International Mineral Resources, CEO of Turchrome Group, and Financial Director for Mittal Steel (now ArcelorMittal), where he oversaw various financial and operational functions.|

    Jai is the backbone of our company and the perfect ambassador for all our values.

    Chairman Jai Saraf