Rashmi Group has announced a Rs 10,000 crore investment in West Bengal’s Purulia district to establish a 2.8 million-tonne-per-annum (MTPA) integrated steel plant along with a 400 MW captive power unit. 

The state government has already allotted 938 acres of land and granted “Ultra Mega Project” status to expedite clearances.

The project taps into a strategic shift: India is boosting domestic steel capacity to support infrastructure growth (roads, rail, metro) and reduce import dependence. A captive power unit ensures cost stability and operational reliability in a sector where energy costs and reliability are major concerns.

For West Bengal, traditionally dependent on other industrialised states, the project signals an attempt to revive heavy-industry manufacturing and create large-scale employment (projected ~18,000 jobs). It also boosts regional value-addition beyond raw-mineral extraction.

Key success factors include timely environmental clearances (mining, emission norms), seamless land acquisition and logistics (rail/road/port) for raw materials and finished goods. Macro steel prices and global demand cycles will also impact profitability.