Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Rashmi Group has announced a major investment plan worth ₹35,000 crore in West Bengal, reinforcing its commitment to expanding the state's industrial ecosystem. The diversified conglomerate will invest over ₹30,000 crore to increase its iron and steel manufacturing capacity by an additional 7 million tonnes per annum (MTPA), while another ₹5,000 crore will be allocated toward operationalising three coal mines in Birbhum and Paschim Bardhaman districts.
The investment is expected to strengthen the group's presence across steel, power, and mining while supporting West Bengal's ambitions of becoming a major industrial hub. The steel capacity expansion is projected to generate nearly 35,000 direct and indirect jobs, while the mining projects could create an additional 15,000 employment opportunities.
The announcement follows Rashmi Group's ongoing expansion efforts, including previously announced steel and power projects in the state. Industry observers view the investment as one of the largest recent commitments in eastern India, highlighting growing confidence in the region's manufacturing and infrastructure potential.
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