Graced by the virtual presence of Chief Minister of West Bengal, Mamata Banerjee, Shyam Steel inaugurated its fourth Integrated steel plant at JSK-II, Purulia, West Bengal.
The Raghunathpur steel plant, with a capital investment of Rs 1,500 crore, boasts a robust steel-making capacity of 1.19 million tonnes per annum in phase 1. This facility is equipped with DRI plants, power plant, steel melting Shop, and a rolling mill. It has four integrated steel plants in Durgapur, Mejia, Bamunara, and Howrah.
Purushottam Beriwala, director of Shyam Steel Industries, said, “This inauguration and expansion is intricately aligned with our overarching goal of enhancing capabilities and providing superior service to our valued customers.”
Lalit Beriwala, director of Shyam Steel Industries, said, “With this plant, we are creating over 5,000 direct employment positions for skilled and unskilled workers across various departments such as production, maintenance, quality control, logistics, and administration in the backward district of Purulia.”
The 600-acre plant, situated at the Jungle Sundari Karmanagari (formerly known as Raghunathpur Industrial Park), saw construction commence in April last year. The move is aimed at growth underscored by Shyam Steel’s vision to double its turnover from Rs 4500 crores to Rs 9000 crores over the next two years.
Shyam Steel is targeting 300 million tonnes of steel production by 2030-31.
