Rashmi Group to Invest Rs 35,000 Crore in West Bengal's Steel and Mining Sectors

Rashmi Group plans to invest Rs 35,000 crore in West Bengal, focusing on expanding steel and power sectors, and operationalizing coal mining projects. This investment is aimed at boosting manufacturing capacity and creating around 50,000 jobs.

Kolkata's Rashmi Group has unveiled a substantial investment plan worth Rs 35,000 crore in West Bengal, focusing on boosting its steel, power, and mining operations.

The company intends to channel more than Rs 30,000 crore towards enhancing its iron and steel production capacity by 7 million tonnes annually, with an additional Rs 5,000 crore directed at developing three coal mines located in the Birbhum and Paschim Bardhaman districts.

Earlier this year, Rashmi Group signed an agreement with the Telangana government for projects totaling Rs 12,500 crore.

Although detailed project locations and timelines remain undisclosed, the new plans will span multiple districts, including Purulia and Paschim Medinipur. The prior proposal in Purulia for a 2.8 million tonne steel mill remains unspecified in relation to these new investments.