The investment will expand steel capacity, operationalise coal mines, and create significant employment across multiple districts in West Bengal.

Jun 01, 2026

Rashmi Group has announced a fresh investment of INR 35,000 crore in West Bengal across steel, mining and power sectors. The proposed outlay includes over INR 30,000 crore for expanding iron and steel manufacturing capacity by an additional 7 million tonnes per annum (MTPA) and INR 5,000 crore for operationalising three coal mines in Birbhum and Paschim Bardhaman districts.

The investments will be spread across Purulia, Paschim Bardhaman, Birbhum, Jhargram and Paschim Medinipur. The company estimates that the steel expansion will generate around 35,000 direct and indirect jobs, while mining projects could create another 15,000 employment opportunities.

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Rashmi Group, which has already invested nearly INR 25,000 crore in the state, currently operates a 10 MTPA steel plant, an 850 MW captive power plant and a 1.45 MTPA cement unit in West Bengal. The company said the new investments reflect its long-term commitment to industrial growth, employment generation and sustainable development in the state.