Rashmi Group has announced a fresh investment plan of Rs 35,000 crore in West Bengal across steel, mining and power sectors

City-based Rashmi Group on Friday announced a fresh investment plan of Rs 35,000 crore in West Bengal across steel, power and mining sectors.

In a statement, the diversified group said over Rs 30,000 crore would 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 would be spent on operationalising three coal mines acquired in Birbhum and Paschim Bardhaman districts.

In January, the group signed an MoU with the Telangana government for projects worth Rs 12,500 crore.

The company, however, did not disclose detailed projects and their specific locations, land requirements or revised implementation plans for the proposed expansions in West Bengal.

In October 2025, Rashmi Group 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. The then state government had allocated around 938 acres for the project.

The latest announcement did not specify 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.

The firm said the new investment plans would cover Purulia, Paschim Bardhaman, Birbhum, Jhargram and Paschim Medinipur districts.

The company claimed 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.

The group said it 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.

Speaking on the occasion, Lal Babu Chourasia, joint president, commercial, mining strategy and corporate planning of Rashmi Group, said the state was emerging as a promising industrial destination 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," he said.

Published on May 29, 2026