Bengal’s steel sector is set for a major expansion with fresh investment commitments worth INR 8,000 crore over the next five years, promising a boost to capacity, infrastructure, and jobs in the region.
Aug 21, 2025
At the Bigmint India Ferrous Week held in Kolkata, Shakambhari Group announced plans to invest INR 5,000 crore in a new integrated steel plant at Raghunathpur, Purulia, spread over 500 acres of recently acquired land. Meanwhile, Adukia Industries has committed INR 3,000 crore for expanding its existing plant in Purulia. These investments come in line with India’s National Steel Policy 2017, which targets a national crude steel capacity of 300 million tonnes by 2030, up from 156 million tonnes recorded in March 2025.
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With land banks like Junglesundari and Panagarh Industrial Park earmarked for industrial growth, the fresh capital inflow is expected to strengthen Bengal’s role in India’s steel ecosystem, create employment, and spur ancillary industries across the state.
