The agreement demonstrates Sunsure Energy’s ability to supply power at the Pace of India’s Growth. This is demonstrated by by moving beyond the conventional project-development cycle and connect industrial customers to renewable generation with significantly greater speed.
The partnership marks another significant step in Evonith Steel’s ongoing transformation and its commitment to building a more sustainable and future-ready manufacturing business. Renewable energy will form an important part of the company’s energy strategy as it continues to expand its operations and strengthen the environmental performance of its manufacturing processes.
Speaking about the partnership, Jai Saraf, Chairman, Evonith Steel and Founder & CEO, Nithia Capital, said, “As Evonith Steel grows to serve India’s increasing demand for steel, we believe that growth and sustainability must go hand in hand. Our partnership with Sunsure Energy enables us to bring renewable power into our operations at speed and scale. Increasing our use of renewable energy is an important step in reducing the carbon intensity of our operations and building a more responsible and future-ready manufacturing business as we work towards our commitment of being "Here for a Better Today". As we continue our transformation journey, we will remain focused on finding scalable ways to make our operations more efficient, resilient and sustainable.”
Shashank Sharma, Founder, Chairman and CEO, Sunsure Energy, said, “The Evonith partnership validates what we've believed all along; the C&I market is moving decisively toward a solution-first architecture. Working with Evonith in Maharashtra, one of India's leading industrial growth hubs, lets us bring clean power reliably into the heart of manufacturing. Steel is a cornerstone of India's growth story, and decarbonising it isn't just good business, it's a meaningful step toward the country's energy transition goals. This partnership is proof of how we intend to grow alongside India's industrial backbone."
