Rashmi Group to Build ₹10,000 Cr Steel Plant in Purulia by 2030

Rashmi Group, which is located in Kolkata, has revealed plans to build a 2.8 million tonne per annum (MTPA) integrated steel plant and a 400 MW captive power plant at Purulia, West Bengal, which will be one of the largest industrial investments for the state in years. This project, estimated to cost ₹10,000 crore, has a target completion date of 2030.

As a result of these plans, the West Bengal government is supporting Rashmi Group by allocating 938 acres of land, as well as designating it as an 'ultra mega project'.

Being classified as an 'ultra mega project' allows faster approvals, as well as facilitating the approval process and moving the project along with greater efficiency. This is clearly a reflection of the government's proactive stance toward expanding the manufacturing sector in the state.

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L. B. Chourasia, Joint President of Rashmi Group, said the company’s expansion aligns closely with the West Bengal government’s vision of inclusive, industry-led growth. ““Our investments reflect not only confidence in the state’s potential but also our shared commitment to making Bengal a leading economic powerhouse of the East,” he said.

Rashmi Group, who is currently engaged in iron and steel, cement, power, ferro alloys, and mining activities, believes that this new integrated steel facility is an important part of their long-term growth strategy. To date, it is known that the group has invested over ₹20,000 crore in West Bengal, demonstrating its continued commitment to the industrial growth in the region.

Rashmi Group would like to use this new steel plant at Purulia to consolidate its steel business in India, while simultaneously creating jobs and economic development in Eastern India.