Rashmi Group to Invest ₹10,000 Crore in Integrated Steel and Power Plant in West Bengal – EQ
In Short : Rashmi Group will invest ₹10,000 crore to establish a 2.8 million tonne per annum integrated steel plant and a 400 MW captive power plant in Purulia, West Bengal. The state government has allotted 938 acres for the project, which is expected to create around 18,000 direct and indirect jobs, boosting regional industrial growth and employment.
In Detail : Rashmi Group has announced a major industrial investment in West Bengal, with plans to set up an integrated steel and power plant in Purulia district. The ₹10,000 crore project marks one of the largest private investments in the state’s manufacturing sector, reinforcing West Bengal’s position as an emerging hub for heavy industry and energy production.
The new facility will include a 2.8 million tonne per annum integrated steel plant, complemented by a 400 MW captive power plant to ensure energy self-sufficiency. This combination of steel production and in-house power generation is designed to enhance operational efficiency and sustainability within the plant’s ecosystem.
The state government has allocated 938 acres of land in Purulia for the project, which is strategically located to benefit from regional infrastructure such as railway connectivity and access to raw materials. The project will not only boost industrial output but also support the growth of ancillary units in the area.
According to the company, construction and setup activities will commence soon after regulatory approvals are finalized. Once operational, the plant will strengthen Rashmi Group’s manufacturing footprint and contribute significantly to India’s steel production capacity, supporting the “Make in India” and “Atmanirbhar Bharat” initiatives.
The upcoming project is expected to generate around 18,000 direct and indirect employment opportunities. This will include skilled, semi-skilled, and unskilled labor, offering new livelihood options to local communities and stimulating economic development in Purulia and neighboring districts.
Rashmi Group has emphasized that the project will incorporate environmentally responsible technologies, including waste heat recovery systems and efficient power utilization. The captive power plant will partly rely on renewable and recycled energy sources to reduce emissions and align with India’s green industrial vision.
The company has a strong presence in steel, cement, ferro alloys, and renewable energy. With this new facility, Rashmi Group aims to enhance vertical integration across its operations and meet the rising domestic and export demand for high-quality steel products.
West Bengal’s government has welcomed the project, describing it as a major milestone in the state’s industrialization drive. The administration has assured full support in terms of infrastructure development, road connectivity, and power supply to ensure timely completion and smooth operation of the plant.
With this strategic investment, Rashmi Group is poised to play a key role in the industrial transformation of eastern India. The Purulia project not only underscores the company’s expansion ambitions but also highlights West Bengal’s growing potential as a destination for large-scale, sustainable industrial development.
