The Rashmi Group has lined up the investment of Rs 1000 crore in Orissa, West Bengal.
Of the total capex, the Group will invest Rs 130 crore to set up a ferro alloy plant and 18 MW power plant at Jhargram in West Bengal. It is also planning to set up a 1.5 million tonne beneficiation plant, a 1.2 million tonne pellet plant, and a 1.2 lakh tonne wire rod unit and 12 MW power plant in Kharagpur, West Bengal with an investment of around Rs 300 crore by 2012. It will set up a manufacturing facility at Jamuria in Bardhaman district of West Bengal with an initial investment of Rs 500 crore. Also, it has plans of establishing an iron ore beneficiation plant along with a pellet plant in Orissa.