Rashmi Group to invest Rs 100 billion in integrated steel and power project in WB

Rashmi Group will invest Rs 100 billion to set up a 2.8 million tonne per annum integrated steel plant and a 400 MW captive power plant in Purulia, West Bengal.

The state government has allotted 938 acres of land for the project. The development is part of the group’s broader expansion in iron and steel, power, ferro alloys, and mining. According to the company, the investment aligns with West Bengal’s plan for inclusive, industry-led growth.

Rashmi Group, headquartered in Kolkata, operates manufacturing units in Kharagpur and Jhargram. It produces ductile iron pipes, TMT bars, pig iron, wire rods, billets, sponge iron, sinter, ferro alloys, pellets, and cement, and is also engaged in dredging operations. The group is among India’s major exporters of iron ore fines to China and Southeast Asia.