Business
Fresh Industrial Push as Rashmi Group Bets Big on West Bengal
Kolkata-based Rashmi Group has unveiled a major investment plan worth Rs 35,000 crore in West Bengal, focusing on expanding steel production capacity and operationalising newly acquired coal mines in the state.
Rashmi Group has announced a fresh investment commitment of Rs 35,000 crore in West Bengal, aimed at expanding its presence in the steel, power, and mining sectors.
According to a company statement issued on Friday, more than Rs 30,000 crore will be invested in increasing the group’s iron and steel manufacturing capacity by an additional 7 million tonnes per annum (MTPA).
The proposed expansion is expected to strengthen the group’s production capabilities and contribute to the state’s industrial growth, employment generation, and manufacturing output.
In addition, the company plans to invest Rs 5,000 crore in operationalising three coal mines that it has acquired in the districts of Birbhum and Paschim Bardhaman.
The mining projects are expected to enhance the availability of raw materials for industrial operations and support the group’s integrated business model spanning steel, power, and mining activities.
Investment Breakdown
| Sector | Proposed Investment |
|---|---|
| Iron & Steel Capacity Expansion | ₹30,000+ Crore |
| Coal Mine Development | ₹5,000 Crore |
| Total Investment | ₹35,000 Crore |
The announcement highlights continued private-sector interest in industrial expansion within West Bengal and comes at a time when the state is seeking to attract large-scale investments across manufacturing and infrastructure sectors.
Earlier this year, Rashmi Group also expanded its investment footprint outside West Bengal by signing a Memorandum of Understanding (MoU) with the Telangana government for projects worth Rs 12,500 crore.
Industry experts believe the latest investment plan could significantly boost industrial activity, strengthen supply chains, and create employment opportunities in eastern India.
