JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Rashmi Group, one of India’s leading industrial conglomerates, has announced a ₹10,000 crore investment to set up a steel and power plant in West Bengal, aimed at boosting the state’s industrial growth and employment generation.
The project will include the establishment of a 3 million tonnes per annum (MTPA) steel manufacturing facility integrated with a 500 MW captive power plant. The new unit will be developed in Paschim Medinipur district, reinforcing the company’s commitment to regional development and self-reliant manufacturing.
According to company officials, the plant will feature modern, energy-efficient technologies designed to minimize emissions and support India’s green steel transition. The project is expected to create over 10,000 direct and indirect jobs, benefiting local communities and ancillary industries.
The West Bengal government welcomed the investment, terming it a key milestone in the state’s industrialization roadmap. The project aligns with India’s broader 300 MTPA steel capacity target by 2030 and underscores the growing investor confidence in eastern India’s infrastructure and manufacturing potential.
Also Read : Cabinet approves 6 rail projects of ₹12,343 cr, aims to add 1020 km to rail network Steel Dynamics Goes Green Subheading: Launches BioEdge and Edge low-carbon steel brands.
Lloyds Engineering Works (LEWL), in consortium with Primetals Technologies India and Primetals Techn...
Automobiles 03-Nov-2025
Germany plans to allocate 3.53 bn euros ($3.8 bn) from 2027 to 2036 to purchase green hydrogen and i...
Europe 21-Feb-2024
In a joint session address to the Lok Sabha and Rajya Sabha, President Droupadi Murmu announced a re...
Announcement 31-Jan-2024
Chinese authorities have called on local iron ore producers to accelerate key mining projects in a r...
China 02-Dec-2025
Stanmore Coal has decided to invest $135 million in the Eagle Downs coal project, aiming to acquire...
Raw Material 12-Feb-2024
The European Steel Association (EUROFER) has officially filed a petition with the European Commissio...
India 12-Sep-2025