Rashmi Group has unveiled a significant expansion plan with an investment of around Rs 10,000 crore to set up a modern integrated steel plant in Purulia, West Bengal. The proposed facility will have an annual production capacity of 2.8 million tonnes of steel along with a 400-megawatt captive power plant to support continuous manufacturing operations.
The state government has allotted 938 acres for the project and accorded it Ultra Mega Project status to ensure faster statutory clearances, infrastructure enablement and project execution support. This move reflects West Bengal’s focused approach to revitalising its industrial ecosystem and positioning the state as a preferred steel production hub in eastern India.
Rashmi Group currently operates approximately 8.3 million tonnes per annum of integrated iron and steel capacity across its existing units. The new facility forms part of a broader long term expansion strategy aimed at strengthening the company’s national footprint and enhancing its presence in high growth markets, with completion targeted by 2030.
The project is expected to create substantial employment opportunities with nearly eighteen thousand direct and indirect jobs projected to emerge during both construction and operational phases. This is set to provide a considerable boost to the regional economy by supporting local businesses and ancillary industries in the Purulia area.
With the demand outlook for steel continuing to rise on the back of infrastructure development and manufacturing growth in India, Rashmi Group’s large scale investment underlines growing industry confidence. It also highlights the increasing focus on capacity addition closer to resource rich and industrially progressive regions, reinforcing the significance of eastern India in the next phase of national steel sector expansion.
