Kolkata, 28 October, 2025: Rashmi Group has announced plans to set up a 2.8 million tonnes per annum (MTPA) Integrated Steel Plant along with a 400 MW Captive Power Plant in Purulia, West Bengal. The state government has allotted 938 acres of land for the project and awarded it with “Ultra Mega Project” status, which has enabled Group’s expansion to receive fast-tracked approvals.
The proposed expansion is part of the Group’s broader growth strategy and reaffirms its role as one of India’s fastest-growing industrial conglomerates. With a diversified presence across iron and steel, cement, power, ferro alloys and mining, Rashmi Group has positioned itself as one of the largest private investors in West Bengal.
From its beginnings as a small-scale unit, the Group has invested over ₹20,000 crore to date in the state, with an additional ₹10,000 crore committed by 2030. These investments are directed at building West Bengal into a major manufacturing and export hub. The company reported a gross turnover of ₹41,393 crore and a net worth of ₹26,791 crore, supported by a low-leverage financial model that emphasises reinvestment of profits, conservative debt management and value-based capital expenditure.
Rashmi Group currently operates 8.3 MTPA of integrated iron and steel capacity, excluding 0.2 MTPA of aluminium. Its portfolio includes pellets, sinter, pig iron, sponge iron, ductile iron pipes, billets, aluminium, TMT bars and wire rods. It also runs a 1.9 MTPA cement manufacturing facility and generates 1050 MW of power through captive plants and independent power projects. In addition, it is actively developing five coal mine blocks in West Bengal and Jharkhand.
The Group has become India’s largest and the world’s second-largest manufacturer of ductile iron pipes. This milestone has been achieved through technological innovation, backward integration and the establishment of robust marketing networks. Rashmi Group’s ISO-certified systems, in-house R&D labs and stringent quality controls have enabled consistent product quality across its portfolio. Its port-based logistics and export presence in China and Southeast Asia reflect its growing global competitiveness.
The company’s industrial presence in Kharagpur, Jhargram and other districts has created direct and indirect employment for more than 50,000 people. Upcoming greenfield and brownfield projects, including the Purulia steel plant and mining operations, are expected to generate an additional 40,000 employment (direct and indirect) in the coming years.
The West Bengal Government has recognised Rashmi Group’s contribution by awarding it the “Ultra Mega Project” status, a move that underscores the trust placed in the Group’s ability to deliver long-term industrial growth. The company holds a CRISIL AA/stable rating and has received industry recognition through awards such as the Times Bengal Award, Excellence in Steel & Cement Infrastructure, and the ASSOCHAM Business Excellence Award. Rashmi Group is also a founding member of the Indian Green Building Council (IGBC), reflecting its focus on sustainable practices.
Beyond industrial growth, the Group has invested in workforce welfare by providing housing, healthcare, education and transport facilities. It also promotes skill development in underserved regions, encouraging entrepreneurship and creating an ancillary ecosystem that strengthens local economies.
Its social initiatives include running mobile medical units, supporting rural electrification and sanitation, building school infrastructure, providing scholarships and digital learning kits, and sponsoring cultural programmes, heritage restoration projects and rural sports.
Environmental responsibility is central to Rashmi Group’s operations. The company employs zero-liquid discharge systems, dust suppression technology and complies with state and central pollution control board norms. Afforestation and biodiversity projects have also been undertaken around its mining areas.
The Group has also embraced Industry 4.0 technologies across its operations. Smart factories use AI-driven logistics, IoT-enabled machinery and smart energy management systems, placing West Bengal at the forefront of advanced manufacturing practices in India.
Looking ahead, Rashmi Group plans to expand capacity in ductile iron pipes, steel and ferro alloys while strengthening its presence in Southeast Asia, GCC countries and Africa. It is also exploring downstream engineering solutions and strategic partnerships that align with its global ambitions.
“Rashmi Group’s growth is deeply aligned with the West Bengal Government’s vision for inclusive, industrial-led development. Our investments reflect not only confidence in the state’s potential but also our shared commitment to making Bengal a leading economic powerhouse of the East. Every investment, every job created and every innovation introduced is rooted in our commitment to the state’s economic and social progress,” said L. B. Chourasia, Joint President of Rashmi Group.
Under the leadership of Chairman, Sajjan Kumar Patwari and Directors Sunil Kumar Patwari, Sanjib Kumar Patwari and Sanjay Kumar Patwari, the Group has grown steadily while maintaining a focus on corporate governance and transparency. It has instituted independent directors, real-time MIS systems, ERP integration and strong audit mechanisms to minimise financial risk and ensure accountability.
By combining financial discipline, technological innovation and a focus on sustainability, Rashmi Group has reinforced its role as a key driver of West Bengal’s industrial development. The Purulia project marks a significant step in its long-term plan to position the state as a hub of modern, globally competitive manufacturing.