Shyam Steel inaugurated its state-of-the-art Integrated Steel Plant at JSK-II, Purulia, West Bengal, today. The virtual presence of the Chief Minister of West Bengal, Mamata Banerjee, graced the momentous occasion, marking a new chapter in Shyam Steel’s legacy of excellence.
With a capital investment of Rs 1,500 crore, the Raghunathpur Steel Plant stands as a testament to Shyam Steel’s commitment to innovation and sustainable growth. In its first phase of expansion, the plant boasts a robust steel-making capacity of 1.19 million tonnes per annum, equipped with cutting-edge technology including DRI Plants, Power plant, Steel Melting Shop, and a Rolling Mill, ensuring top-quality production. Mr. Purushottam Beriwala, Director of Shyam Steel Industries stated, “The inauguration of the Raghunathpur Steel Plant marks a significant milestone in our relentless pursuit of growth and innovation. This strategic expansion is intricately aligned with our overarching goal of enhancing capabilities and providing superior service to our valued customers.”
The plant, sprawling over 600 acres, is poised to create over 5,000 direct employment opportunities for skilled and unskilled workers, further uplifting the local community in the backward district of Purulia. Construction commenced in April last year, with the plant poised to significantly contribute to the region’s economy. With this , Shyam Steel aims to double its turnover to Rs. 9000 crores over the next two years.
