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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.
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