Rashmi Group, based in Kolkata, has announced a Rs 10,000 crore investment to set up a 2.8 million tonne per annum (MTPA) integrated steel plant and a 400 MW captive power plant in Purulia, West Bengal.

The project, expected to be completed by 2030, has received approval from the state government along with 938 acres of land allotment. The West Bengal government has granted the initiative 'ultra mega project' status, ensuring fasttrack approvals. This expansion is part of Rashmi Group’s broader strategy across sectors like iron and steel, cement, power, and mining. The Group has already invested over Rs 20,000 crore in the state.

L B Chourasia, Joint President of Rashmi Group, emphasized that the investment aligns with the state’s industrial vision and reflects their commitment to boosting Bengal’s economy.