Evonith Steel raises Rs 1,700 crore to repay bondholders

Evonith Steel has secured Rs. 1700 crore from multiple banks, including Standard Chartered and JP Morgan, to repay existing creditors and extend debt maturities. Acquired by UK-based Nithia Capital in 2021, Evonith has an annual capacity of up to 1 million tonnes of crude steel.
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