Rashmi Group to Invest Rs 35,000 Crore in Bengal's Steel, Power, and Mining Sectors

Rashmi Group Announces Fresh Investment Plan of Rs 35,000 Crore in West Bengal

The City-based Rashmi Group has announced a fresh investment plan of Rs 35,000 crore in West Bengal across steel, power, and mining sectors. The diversified group stated that over Rs 30,000 crore will be invested to expand its iron and steel manufacturing capacity by an additional 7 million tonnes per annum (MTPA), while another Rs 5,000 crore will be spent on operationalizing three coal mines acquired in Birbhum and Paschim Bardhaman districts.

This latest announcement comes after the group signed an MoU with the Telangana government in January for projects worth Rs 12,500 crore. However, the company did not disclose detailed projects and their specific locations, land requirements, or revised implementation plans for the proposed expansions in West Bengal.

Rashmi Group had previously announced plans to set up a 2.8 million tonne integrated steel plant along with a 400 MW captive power project at an investment of Rs 10,000 crore in Purulia district in October 2025. The then state government had allocated around 938 acres for the project. It remains unclear whether the earlier Purulia proposal forms part of the new Rs 35,000 crore investment blueprint or if there has been any revision in project configuration, land allocation, or timeline.

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The new investment plans are expected to cover Purulia, Paschim Bardhaman, Birbhum, Jhargram, and Paschim Medinipur districts. The company claims that the steel capacity expansion alone is expected to create nearly 35,000 direct and indirect employment opportunities, while the coal mining projects may generate another 15,000 jobs.

Rashmi Group has already invested nearly Rs 25,000 crore in West Bengal and currently operates a 10 MTPA steel plant, an 850 MW captive power plant, and a 1.45 MTPA cement manufacturing unit in the state.

Lal Babu Chourasia, joint president, commercial, mining strategy, and corporate planning of Rashmi Group, stated that the state was emerging as a promising industrial destination for large-scale manufacturing and infrastructure growth. He added that the proposed investments reflect the group's deep-rooted confidence in the state's future and their unwavering commitment towards sustainable industrial progress, employment generation, and long-term socio-economic development.

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Note: N/A indicates that the capacity expansion figure is not applicable for the coal mining sector.