Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
West Bengal’s steel sector is set for a major boost with planned investments worth ₹8,000 crore over the next five years. The announcement was made during the Bigmint India Ferrous Week, jointly organized by the Steel Re-Rolling Mills Association (SRMA) and WBSIMA.
The Shakambhari Group will invest ₹5,000 crore to build a new integrated steel plant in Purulia, with commissioning targeted by 2030–31. Meanwhile, Adukia Industries will expand its existing Purulia facility with a ₹3,000 crore investment over the same period.
These projects are expected to create jobs, strengthen regional infrastructure, and align with the National Steel Policy 2017, which aims to raise India’s crude steel capacity to 300 million tonnes by 2030. India currently produces around 156 million tonnes annually.
The planned investments highlight Bengal’s growing role in India’s steel expansion strategy and signal strong industry confidence in the state’s industrial potential.
Also Read : Tata Steel Kalinganagar marks 10 years, gears up for 16 MTPA expansion Steel Slump Finds a Floor, But Recovery Still Distant
Xi Jinping’s growing emphasis on military strength is in direct response to the U.S. and Israe...
China 07-Mar-2026
Interarch Building Solutions has announced plans to invest ₹100 crore in a new manufacturing unit in...
Construction 29-Sep-2025
Union Minister for Road Transport and Highways, Shri Nitin Gadkari, recently approved ₹718.26 cr for...
Press Releases 27-Feb-2024
The Ministry of Heavy Industries has declared a new scheme to promote e-mobility in the country with...
Announcement 14-Mar-2024
The ongoing India-European Union Free Trade Agreement (FTA) negotiations have hit a roadblock as bot...
Europe 29-Oct-2025
Power Mech Projects announced a significant achievement on Monday, revealing that it has successfull...
Mid Corporate 29-Jan-2024