Rashmi Group Inks ₹12,500 Cr Pact with Telangana
Chief Minister A. Revanth Reddy congratulated Minister D. Sridhar Babu for securing the investment, which will support the State in its aggressive growth trajectory in the years to come
Hyderabad: Chief Minister A. Revanth Reddy-led Telangana Rising delegation entered into a memorandum of understanding (MoU) with the Rashmi Group, a major Indian industrial conglomerate. The company, renowned globally for its ductile iron (DI) pipes used in water and sanitation projects, has agreed to set up a steel production unit in Telangana with an investment of ₹12,500 crore, creating the potential for 12,000 direct and indirect jobs.
Rashmi Group promoter Sajjan Kumar Patwari and director Sanjib Kumar Patwari met the Telangana Rising delegation at WEF 2026 in Davos on Wednesday and expressed readiness to establish a steel plant in the state. Established in 1966, the company exports products to more than 40 countries across Asia, Europe, the Middle East, Africa, and North and South America.
Revanth Reddy congratulated Industries Minister D. Sridhar Babu for securing the investment, which will support the state’s aggressive growth trajectory in the years ahead. The minister explained that Telangana’s commitment to driving economic development is evident in its diverse industrial landscape, with a special focus on manufacturing.
Highlighting that Telangana has transformed into an industrial powerhouse with progressive policies, the minister promised all possible support to establish the unit in the state, including coal supply linkages.
Sanjib Kumar stated that the steel plant would involve labour-intensive manufacturing and has the potential to generate large-scale employment. The delegation also exchanged views on potential partnerships, particularly in areas such as green manufacturing and the circular economy.
The company expressed interest in collaborating with the Telangana government on energy-efficient steelmaking, waste heat recovery, and slag utilisation.