The Rashmi Group, one of West Bengal’s leading industrial conglomerates, has announced plans to establish a 2.8 million tonne per annum (MTPA) integrated steel plant along with a 400 MW captive power plant in Purulia, marking a major boost to the state’s industrial expansion.
According to an official statement issued by the company, the West Bengal government has already allotted 938 acres of land for the twin projects. The total proposed investment is ₹10,000 crore, and the development is expected to generate around 18,000 direct and indirect employment opportunities once operational.
The upcoming facilities will significantly strengthen Rashmi Group’s presence across the iron and steel, power, ferro alloys, and mining sectors, diversifying its existing operations in the state. The project also aligns with the West Bengal government’s broader vision of encouraging industrial-led and inclusive economic growth, particularly in the state’s western and mineral-rich districts.
“"The Group's growth is deeply aligned with the West Bengal government's vision for an inclusive industrial-led development", said L B Chourasia, Joint President of Rashmi Group.
Rashmi Group, headquartered in Kolkata, already operates large-scale industrial units in Kharagpur, Jhargram, and several other districts of West Bengal. These existing facilities employ over 50,000 people, directly and indirectly, across manufacturing and allied services. The new Purulia project is seen as a major capacity expansion and will enhance the Group’s integrated steel manufacturing capabilities.
The 2.8 MTPA steel plant is expected to produce a wide range of long and flat steel products catering to infrastructure, construction, and manufacturing industries. The 400 MW captive power plant will ensure reliable energy supply for uninterrupted operations, improving production efficiency and reducing external power dependency.
Industry experts note that the project comes at a time when India’s domestic steel demand is rising sharply, driven by strong growth in infrastructure, housing, and renewable energy sectors. The government’s continued emphasis on ‘Make in India’ and large public investments in transport and urban infrastructure are expected to sustain steel consumption momentum in the coming decade.
The Purulia project is also strategically important for regional development. Located in a resource-rich zone, the district offers access to raw materials, road and rail connectivity, and proximity to Jharkhand’s mineral belt, all key advantages for heavy industrial investment. The project is expected to trigger a wave of ancillary and small-scale units in the area, including logistics, fabrication, and engineering services.
The announcement reinforces West Bengal’s efforts to attract large-scale private sector investment across manufacturing and energy segments. The state government has been actively promoting Purulia and adjoining districts such as Bankura and Paschim Medinipur as new industrial destinations, leveraging their natural resources and available land banks.
The Rashmi Group’s investment follows similar initiatives by other large players expanding in eastern India’s steel corridor, including projects in Odisha, Jharkhand, and Chhattisgarh. Collectively, these developments are expected to enhance the region’s contribution to India’s overall steel output and strengthen the eastern manufacturing ecosystem.
The project will be rolled out in phases, starting with land development and infrastructure setup, followed by installation of major steelmaking and power generation units. Once completed, the Purulia plant will represent one of Rashmi Group’s largest investments in a single location, underlining its long-term commitment to the industrial development of West Bengal.
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