Kolkata, October 27, 2025: In a major boost to West Bengal’s industrial landscape, Rashmi Group has announced the establishment of a 2.8 MTPA Integrated Steel Plant and a 400 MW Captive Power Plant at Jungle Sundari 1 in Raghunathpur, Purulia. The state government has earmarked 938 acres for the project and granted it “Ultra Mega Project” status, ensuring swift clearances and priority facilitation.
With this strategic expansion, the Group is set to invest ₹10,000 crore by 2030, generating 18,000 direct and indirect jobs during implementation, further strengthening Bengal’s credentials as a manufacturing hub.
Expanding Industrial Footprint
Rashmi Group today operates 8.3 MTPA integrated iron and steel capacity and 1.9 MTPA cement facilities, with power generation of 1050 MW. Its diversified portfolio spans pellets, sponge iron, pig iron, billets, ductile iron pipes, TMT bars, wire rods and aluminium products.
The Group has also emerged as India’s largest and the world’s second-largest producer of ductile iron pipes — a milestone supported by technological innovation, strong logistics and extensive marketing networks.
Strong Financial Growth
A gross turnover of ₹41,393 crore and net worth of ₹26,791 crore underline its strong balance sheet, supported by low leverage and a reinvestment-driven growth approach.
Major Employment & Economic Impact
Having already created over 50,000 jobs across Kharagpur, Jhargram and other districts, the company’s upcoming steel plant and mines in Purulia are expected to create 40,000 more employment opportunities through direct and ancillary industries.
Sustainable and Socially Responsible Growth
As a founding member of the Indian Green Building Council (IGBC), Rashmi Group prioritises environment-friendly operations including zero-liquid discharge, dust suppression systems, and large-scale afforestation. Its CSR programmes focus on healthcare, education, sanitation, rural electrification and sports development.
Future Plans: Global Expansion
The Group is scaling capacities in steel, ductile iron pipes and ferro alloys, while eyeing Southeast Asia, GCC and African markets for deepened export presence. Technology upgrades include Industry 4.0, AI-enabled logistics and IoT-based manufacturing.
Leadership Speaks
“Our investments reflect confidence in Bengal’s potential and commitment to inclusive industrial development,”
— L. B. Chourasia, Joint President, Rashmi Group
Chairman Sajjan Kumar Patwari and the Directors, Sunil Kumar Patwari, Sanjib Kumar Patwari and Sanjay Kumar Patwari, continue to lead the Group with a focus on transparency, governance and future-ready systems.
