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Rashmi Group invests $1.13 billion in new 2.8 million ton steel mill in West Bengal

Rashmi Group инвестирует $1,13 млрд в новый сталелитейный завод мощностью 2,8 млн тонн в Западной Бенгалии
Indian integrated steel producer Rashmi Group has announced plans to invest about $1.13 billion in the construction of a new steel mill with an annual capacity of 2.8 million tons in the eastern state of West Bengal, according to a company statement released on Tuesday, October 28.

The project will also include its own 400 MW power plant, ensuring the energy self-sufficiency of the facility. Rashmi Group has already completed the acquisition of 938 acres of land needed for the project.

Production diversification and capacity expansion

The upcoming plant will produce a range of high-grade steel products, including TMT bars, wire rod, billet and structural steel, positioning West Bengal as a key developing hub for high-quality steel production in eastern India.

Rashmi Group currently operates an integrated metallurgical complex with a capacity of 8.3 million tons per year with a diverse business portfolio covering pellets, cast iron, sponge iron, billet, TMT bars, wire rod, ductile iron pipes, aluminum and cement, with a capacity of 1.9 million tons.



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