India's Rashmi Group Invests Rs 35,000 Crore to Expand Steel and Mining Operations in West Bengal

en.Wedoany.com Reported - India's Rashmi Group recently announced an investment of Rs 35,000 crore to expand its steel, power, and mining operations in West Bengal. Of this, approximately Rs 30,000 crore will be specifically allocated to increase the group's annual steel production capacity by 7 million tonnes, while the remaining Rs 5,000 crore is planned for the operation of three coal mines in Birbhum and Paschim Bardhaman.

The Kolkata-based conglomerate stated that this investment covers multiple regions including Purulia, Paschim Bardhaman, Birbhum, Jhargram, and Paschim Medinipur. Official estimates indicate that the steel capacity expansion alone could create nearly 35,000 direct and indirect jobs, while the coal mine projects are expected to generate an additional 15,000 employment opportunities.

Just this January, the group signed a memorandum of understanding worth Rs 12,500 crore with the Telangana government. In October 2025, the group announced plans to build an integrated steel plant with an annual capacity of 2.8 million tonnes and a 400 MW captive power plant in Purulia district, with an estimated investment of Rs 10,000 crore and approximately 938 acres of land allocated. However, in its latest announcement, the group did not clarify whether the Purulia project has been incorporated into the current Rs 35,000 crore blueprint, nor did it specify any adjustments to the project's configuration, land allocation, or timeline.

Rashmi Group revealed that it already has investments of nearly Rs 25,000 crore in West Bengal, operating a steel plant with an annual capacity of 10 million tonnes, an 850 MW captive power plant, and a cement plant with an annual capacity of 1.45 million tonnes. Company executives described West Bengal as an emerging industrial destination and stated that the proposed investment reflects confidence in the region's sustained industrial growth, long-term socio-economic progress, and industrial resilience.

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