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• Kolkata-based Rashmi Group has announced a fresh investment proposal of INR 35,000 crore in West Bengal across steel, power and mining operations.
• More than INR 30,000 crore will be allocated towards expanding iron and steel production capacity by 7 million tonnes per annum (MTPA), while INR 5,000 crore will be invested in operationalising three coal mines.
• The proposed investments will be spread across Purulia, Paschim Bardhaman, Birbhum, Jhargram and Paschim Medinipur districts.
• The company estimates the projects could generate around 50,000 direct and indirect employment opportunities across manufacturing and mining activities.
• The announcement builds on Rashmi Group’s existing industrial presence in the state, where it has already invested nearly INR 25,000 crore.
Kolkata-based Rashmi Group announced in the past week that it plans to invest INR 35,000 crore in West Bengal to expand its presence across the steel, power and mining sectors. The diversified conglomerate stated that the proposed investments would be undertaken across multiple districts in the state and are expected to support industrial growth, capacity expansion and employment generation. Advertisement
According to the company, more than INR 30,000 crore will be deployed towards increasing its iron and steel manufacturing capacity by an additional 7 million tonnes per annum (MTPA). A further INR 5,000 crore has been earmarked for operationalising three coal mines that the group has acquired in Birbhum and Paschim Bardhaman districts.
While announcing the investment programme, the company did not provide detailed information regarding individual projects, exact locations, land requirements or revised implementation schedules associated with the proposed expansion plans in West Bengal.
The latest announcement follows Rashmi Group’s earlier proposal unveiled in October 2025 to establish a 2.8 million tonne integrated steel plant along with a 400 MW captive power project in Purulia district. That project involved an investment of INR 10,000 crore, with the state government having allocated around 938 acres of land for its development.
However, the company has not clarified whether the previously announced Purulia project forms part of the newly declared INR 35,000 crore investment programme or whether any modifications have been made to the project’s configuration, land allocation or implementation timeline.
Rashmi Group stated that the proposed investments would be distributed across Purulia, Paschim Bardhaman, Birbhum, Jhargram and Paschim Medinipur districts. The company estimated that the steel manufacturing expansion alone could create nearly 35,000 direct and indirect jobs. The coal mining projects are expected to generate an additional 15,000 employment opportunities.
The investment proposal comes as the company continues to expand its industrial footprint in West Bengal. Rashmi Group said it has already invested nearly INR 25,000 crore in the state and currently operates a 10 MTPA steel manufacturing facility, an 850 MW captive power plant and a 1.45 MTPA cement production unit.
Commenting on the development, Lal Babu Chourasia, Joint President – Commercial, Mining Strategy and Corporate Planning at Rashmi Group, indicated that West Bengal was emerging as an attractive destination for large-scale manufacturing and infrastructure-led industrial development. He added that the proposed investments reflected the company’s confidence in the state’s long-term growth prospects and its commitment towards industrial expansion, employment creation and broader socio-economic development.
Source - PTI
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