West Bengal’s steel sector is set for a major boost as it will attract fresh investments worth Rs 8,000 crore over the next five years. This was announced at the Bigmint India Ferrous Week, a three-day industry conference jointly hosted by SRMA and WBSIMA.

Shakambhari Group plans to invest Rs 5,000 crore to establish a new integrated steel plant at Raghunathpur in Purulia by 2030-31. The Group has already acquired 500 acres for the project, adding to its existing units in Durgapur, Asansol, and Purulia. CMD Deepak Kumar Agarwal highlighted the company’s role in reviving sick units and diversifying into aluminium.

Meanwhile, Adukia Industries, led by director Vivek Adukia, announced Rs 3,000 crore investment commitment to expand capacity at its Purulia facility within five years. The company already operates six units across West Bengal, including West and East Burdwan and Howrah.

These projects align with the Centre’s National Steel Policy 2017, targeting 300 million tonne of crude steel production capacity by 2030, with India already achieving 156 million tonnes by March 2025.