Rashmi Group plans to invest around ₹10,000 crore by 2030 to set up an integrated steel plant, along with a captive power plant, in West Bengal’s Purulia.
The State Government has allotted 938 acres of land for the proposed project, which will have a 2.8 million tonnes per annum (MTPA) integrated steel plant along with a 400 MW captive power plant, and awarded it with “Ultra Mega Project” status, the Kolkata-based group said on Monday.
The proposed expansion is part of the group’s broader growth strategy. It currently operates around 8 mtpa of integrated iron and steel capacity in West Bengal’s Kharagpur and Jhargram. It also operates a 1.9 mtpa cement manufacturing facility and generates 1050 MW of power through captive plants and independent power projects. In addition, it is developing five coal mine blocks in West Bengal and Jharkhand.
From its early days as a small-scale unit, the group has invested over ₹20,000 crore to date in West Bengal, with an additional ₹10,000 crore committed by 2030. These investments are aimed at transforming West Bengal into a major manufacturing and export hub, the group said in its statement.
“Rashmi Group’s growth is deeply aligned with the West Bengal Government’s vision for inclusive, industrial-led development. Our investments reflect not only confidence in the State’s potential but also our shared commitment to making Bengal a leading economic powerhouse of the East,” said LB Chourasia, Joint President, Rashmi Group.
The group has emerged as India’s largest and the world’s second-largest manufacturer of ductile iron pipes.
Looking ahead, the group plans to scale up capacity in ductile iron pipes, steel and ferro alloys while deepening its footprint in Southeast Asia, the GCC countries and Africa. It is also exploring downstream engineering solutions and strategic partnerships that align with its global ambitions.
Published on October 27, 2025