RP–Sanjiv Goenka Group Announces ₹15,800 Crore Investment in West Bengal with Landmark Energy Storage Project

In a significant boost to West Bengal’s investment and infrastructure landscape, the RP–Sanjiv Goenka Group has announced a ₹15,800 crore capital expenditure plan spanning the energy, education, and healthcare sectors.

The announcement was made by Sanjiv Goenka, Chairman of the RP–Sanjiv Goenka Group, while addressing the Business and Industry Conclave 2025. During his address, Goenka praised the “decisive leadership” of Chief Minister Mamata Banerjee, stating that her speed in decision-making and clarity of vision have played a crucial role in enabling large-scale investments. He also revealed that the group has already invested ₹26,500 crore in West Bengal during her years of leadership.

A First-of-Its-Kind Energy Storage Project for India

The centrepiece of the new investment plan is a ₹12,000 crore energy storage project with a massive capacity of 5,000 megawatt hours (MWh). According to Goenka, this facility is expected to be among the first high-capacity energy storage projects of its kind in India.

The primary objective of this project is transformational: to enable Kolkata to source at least 50 per cent of its electricity from renewable energy. If achieved, Kolkata would become the first city in the country to reach this milestone. The RP–Sanjiv Goenka Group has already submitted a formal application for the required land, signalling that groundwork for the project is underway.

Major Push in Education and Healthcare

Beyond energy, the group is making a substantial commitment to social infrastructure, allocating around ₹1,000 crore towards education and healthcare in West Bengal.

In the education sector, the group plans to double its existing capacity, an expansion that alone will require an investment of ₹500 crore. This move is expected to strengthen access to quality education and create new opportunities for students across the state.

On the healthcare front, the RP–Sanjiv Goenka Group is planning a state-of-the-art hospital, envisioned to be among the best healthcare facilities in India. The hospital is scheduled to be commissioned by January 2027, further enhancing West Bengal’s healthcare ecosystem.

Strong Vote of Confidence in Bengal’s Growth Story

When combined with ongoing investments in distribution, the total proposed outlay by the group stands at ₹15,800 crore. Goenka emphasised that such a large-scale commitment is possible only due to the supportive policy environment and leadership in the state.

With investments that blend clean energy transition, social infrastructure, and long-term economic development, the RP–Sanjiv Goenka Group’s announcement marks another milestone in West Bengal’s journey towards becoming a leading destination for sustainable and future-ready investments.