Jharkhand’s steel sector to receive investment of approximately INR 13,000 crore, nearly half of Jharkhand’s INR 26,000 crore investment proposals during the Bengal Global Business Summit.
Feb 10, 2025
The steel sector bags half of Jharkhand’s INR 26,000 crore investment proposals. During the Bengal Global Business Summit (BGBS) in Kolkata, the steel sector led the investment race with almost 50 percent of the total proposed investments. The investments are proposed by companies like Supreme Metals Export Private Ltd, Voltox Rail Pvt Ltd, BMW Industries Ltd, and Rashmi Metaliks Ltd.
Supreme Metals Export Private Ltd has proposed an investment of INR 3,000 crore to set up a steel plant while Voltox Rail has shown interest in setting up a special steel manufacturing plant worth approximately INR 4,000 crore. Additionally, BMW Industries Limited has expressed interest in setting up a cold rolling mill plant with an investment of around INR 1,100 crore expected to generate 1,500 jobs. Furthermore, Rashmi Metalliks Limited has proposed an investment of INR 3,800 crore in the state.
Also Read: JSW Steel Completes Acquisition of thyssenkrupp Electrical Steel India for INR 4158 Crore
Bengal Global Business Summit (BGBS) is the flagship summit of the Government of West Bengal. The 8th edition of the Bengal Global Business Summit was held on February 5-6, 2025 in Kolkata.
