A New Dawn for Bengal's Steel Industry: Rs 8,000-cr Boost

West Bengal’s steel industry is poised for significant growth, with fresh investments totaling ₹8,000 crore expected over the next five years. The announcement was made during the Bigmint India Ferrous Week, a three-day industry event jointly organised by the Steel Re-Rolling Mills Association of India (SRMA) and the West Bengal Steel & Iron Manufacturers’ Association (WBSIMA).

Shakambhari Group is leading the charge with a ₹5,000 crore investment to set up a greenfield integrated steel plant at Raghunathpur in Purulia by 2030–31. The group has already secured 500 acres for the project, which will add to its existing operations in Durgapur, Asansol, and Purulia. CMD Deepak Kumar Agarwal emphasized the company’s continued focus on reviving defunct industrial units and expanding into the aluminium sector.

Adukia Industries also announced a ₹3,000 crore investment plan to scale up production capacity at its existing Purulia facility over the next five years. The company currently operates six manufacturing units across the state, including locations in West and East Burdwan and Howrah.

These investments align with the Government of India’s National Steel Policy 2017, which aims to achieve 300 million tonnes of crude steel production capacity by 2030. As of March 2025, India has already reached 156 million tonnes.

News by Rahul Yelligetti.