New Delhi: Kolkata-based Rashmi Group on Friday announced a Rs 35,000-crore investment plan spanning steel, power and mining in West Bengal, its latest large-scale commitment to the state where it has already deployed close to Rs 25,000 crore.
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More than Rs 30,000 crore of the planned outlay will go toward expanding the group's iron and steel manufacturing capacity by an additional 7 million tonnes per annum (MTPA). The remaining Rs 5,000 crore is earmarked for commissioning three coal mines the group has acquired in Birbhum and Paschim Bardhaman districts.
The investments are proposed across five districts — Purulia, Paschim Bardhaman, Birbhum, Jhargram and Paschim Medinipur.
Rashmi Group said the steel capacity expansion alone is expected to generate nearly 35,000 direct and indirect jobs, while the coal mining operations could add another 15,000 employment opportunities.
In October 2025, Rashmi Group had unveiled plans for a 2.8 MTPA integrated steel plant and a 400 MW captive power project in Purulia district at an investment of Rs 10,000 crore, for which the then state government had set aside around 938 acres of land. The latest announcement does not clarify whether the Purulia proposal is subsumed within the new Rs 35,000-crore blueprint or whether there have been any changes to the project configuration, land allocation or implementation timeline.
The group also did not disclose specific project details, locations, land requirements or revised execution timelines for the proposed West Bengal expansions.
Rashmi Group currently operates a 10 MTPA steel plant, an 850 MW captive power plant and a 1.45 MTPA cement manufacturing unit in West Bengal. In January, it had separately signed a memorandum of understanding with the Telangana government for projects worth Rs 12,500 crore.
Lal Babu Chourasia, joint president, commercial, mining strategy and corporate planning, at Rashmi Group, said West Bengal was establishing itself as a credible destination for large-scale manufacturing and infrastructure investment.
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"Our proposed investments reflect our deep-rooted confidence in the state's future and our unwavering commitment towards sustainable industrial progress, employment generation, and long-term socio-economic development," he said.