Rashmi Group to Invest ₹10k-Cr for Steel, Power Plant in West Bengal
The state government has completed the physical transfer of 938 acres of land to city-based business conglomerate for the project at Jungle Sundari I in Raghunathpur of the district.
Kolkata: In a major boost to industrialization in West Bengal, Rashmi Group has announced plans to set up a 2.8 million tonnes per annum (MTPA) integrated steel plant and a 400 MW captive power plant at an investment of ₹10,000 crores in Purulia district.
The state government has completed the physical transfer of 938 acres of land to city-based business conglomerate for the project at Jungle Sundari I in Raghunathpur of the district. It also granted it “ultra mega project” status, ensuring fast-tracked clearances and facilitation.
Rashmi Group Joint President L. B. Chourasia said, “The physical transfer of land marks a decisive step toward implementing our Purulia project. This ₹10,000-crore investment will anchor a new phase of industrial growth in West Bengal and create thousands of sustainable jobs.”
The ₹10,000-crore project is part of Rashmi Group’s long-term expansion plan. It is expected to create around 18,000 direct and indirect jobs, strengthening the state’s industrial base. The facility will manufacture TMT bars, wire rods, billets and structural steel, positioning Purulia as a new hub for high-quality steel production in eastern India.
Founded as a small-scale unit, Rashmi Group has already invested over ₹20,000 crore in West Bengal and plans to infuse another ₹10,000 crore by 2030.
Rashmi Group currently runs 8.3 MTPA of integrated iron and steel capacity across Kharagpur and Jhargram, excluding 0.2 MTPA of aluminium. Its portfolio spans pellets, pig iron, sponge iron, billets, TMT bars, wire rods, ductile iron pipes, aluminium, and cement (1.9 MTPA).
It also generates 1,050 MW of power and is developing five coal mine blocks in West Bengal and Jharkhand. The Group’s existing operations employ over 50,000 people, with upcoming projects expected to add 40,000 more jobs.
