Rashmi Group Announces ₹35,000 Crore Investment in West Bengal

In a major boost to West Bengal’s industrial landscape, Bengal-based Rashmi Group has announced a fresh investment plan worth ₹35,000 crore across the steel, power and mining sectors in the state.

The announcement marks one of the biggest private sector investment commitments in recent times and is expected to significantly strengthen Bengal’s manufacturing and industrial ecosystem while generating large-scale employment opportunities.

According to the company, over ₹30,000 crore will be invested to expand its iron and steel manufacturing capacity by an additional 7 million tonnes per annum (MTPA). This expansion is expected to further strengthen West Bengal’s position as an emerging manufacturing and industrial hub in eastern India.

In addition to the steel expansion, Rashmi Group will invest another ₹5,000 crore towards operationalising three coal mines acquired in Birbhum and Paschim Bardhaman districts. These mining projects are expected to improve raw material availability and support the company’s long-term industrial operations.

This development comes after Rashmi Group’s earlier announcement in October 2025, when the company revealed plans to establish a 2.8 million tonne integrated steel plant along with a 400 MW captive power project in Purulia district at an investment of ₹10,000 crore. For the project, nearly 938 acres of land have already been allocated.

Beyond investment numbers, the employment potential of these projects stands out. The steel manufacturing expansion alone is expected to generate nearly 35,000 direct and indirect employment opportunities. Meanwhile, the coal mining operations may create another 15,000 jobs, taking the total estimated employment generation to around 50,000.

As West Bengal continues to attract investments across manufacturing, infrastructure and industrial sectors, projects of this scale could play an important role in boosting economic activity and creating jobs across multiple districts.

With large-scale investments flowing into steel, mining and power, Bengal’s industrial growth story continues to gather momentum.