Kolkata, May 30: Driven by the Government’s proactive and industry-friendly stance, the State has become a premier destination for large-scale investments. The Group particularly welcomes the administration’s continuous focus on infrastructure, industrialization, and streamlining business operations
In one of the largest industrial expansion announcements in Eastern India, Rashmi Group has unveiled a massive ₹35,000 crore investment blueprint for West Bengal, reiterating its longstanding commitment to the State’s industrial transformation and economic progress. The proposed investments across steel manufacturing, power, and resource development are expected to generate up to 50,000 new employment opportunities while significantly strengthening the region’s industrial ecosystem.
A trusted partner in West Bengal’s growth story for over four decades, Rashmi Group has consistently expanded its industrial footprint with a vision of inclusive development. The Group has already invested nearly ₹25,000 crores in the State, establishing a 10 MTPA Steel Plant, an 850 MW Captive Power Plant, and a 1.45 MTPA Cement Manufacturing Unit. Strategically located in underdeveloped regions, these facilities have played a pivotal role in driving socio-economic upliftment and currently support nearly 50,000 direct and indirect livelihoods, predominantly benefiting people from West Bengal.
Building on the State’s favourable industrial climate and progressive business environment, Rashmi Group has now finalized robust expansion plans across Purulia, Paschim Bardhaman, Birbhum, Jhargram, and Paschim Medinipur.
As part of the mega expansion blueprint, the Group will invest over ₹30,000 crores towards increasing its iron & steel manufacturing capacity by an additional 7 MTPA. The expansion is expected to substantially enhance industrial output, contribute significantly to state revenues, and create nearly to 35,000 direct and indirect employment opportunities.
Further strengthening its integrated operations, Rashmi Group has also acquired three coal mines in Birbhum and Paschim Bardhaman. The Group plans to invest another ₹5,000 crores towards operationalising these mines, which is projected to generate an additional to 15,000 direct and indirect employment opportunities.
With a strong financial foundation and one of the lowest-leveraged balance sheets in the manufacturing sector, Rashmi Group remains committed to sustainable growth, community empowerment, and nation-building. Through this landmark investment initiative, the Group is poised to play a transformative role in positioning West Bengal as the industrial growth engine of Eastern India while contributing meaningfully towards socio-economic progress, regional development, and enhanced livelihood opportunities for communities across the State.
Speaking on the occasion, Lal Babu Chourasia, Joint President – Commercial, Mining Strategy & Corporate Planning, Rashmi Group said,
“West Bengal continues to emerge as one of India’s most promising industrial destinations with immense potential for large-scale manufacturing and infrastructure growth. Our proposed investments reflect our deep-rooted confidence in the State’s future and our unwavering commitment towards sustainable industrial progress, employment generation, and long-term socio-economic development.”