Rashmi Group Bets Big on Bengal with ₹35,000 Crore Expansion

Rashmi Group has announced plans to invest ₹35,000 crore in West Bengal across its steel, mining, and power businesses as part of a major expansion initiative aimed at strengthening its integrated industrial operations.

Of the total planned investment, over ₹30,000 crore will be allocated towards expanding the group's iron and steel production capacity by an additional 7 million tonnes per annum (MTPA), significantly enhancing its manufacturing capabilities in the state. The remaining ₹5,000 crore will be invested in developing and operationalising three coal mines in the districts of Birbhum and Paschim Bardhaman, supporting the company's raw material security and backward integration efforts.

The investment programme reflects Rashmi Group’s long-term growth strategy and follows its earlier commitment of ₹12,500 crore for projects in Telangana announced in January 2026. Through these initiatives, the group aims to strengthen its presence across the steel value chain while building a more integrated ecosystem encompassing mining, power generation, and metal production.

News by Rahul Yelligetti.