Shyam Steel reveals advanced plant in Purulia

Shyam Steel inaugurated its fourth integrated steel plant at JSK-II, Purulia, West Bengal, graced by the virtual presence of Chief Minister Mamata Banerjee.

With a capital investment of ₹ 1,500 crore, the Raghunathpur steel plant boasts a robust steel-making capacity of 1.19 million tonnes per annum in phase 1. Equipped with DRI plants, a power plant, steel melting Shop, and a rolling mill, it joins Shyam Steel’s existing integrated steel plants in Durgapur, Mejia, Bamunara, and Howrah.

Purushottam Beriwala, director of Shyam Steel Industries, says, “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, says, “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.”

Construction of the 600-acre plant, situated at the Jungle Sundari Karmanagari, began in April last year, aiming for substantial growth as Shyam Steel aims to double its turnover from ₹ 4,500 crores to ₹9,000 crores over the next two years. With a target of 300 million tonnes of steel production by 2030-31, the move reflects Shyam Steel’s commitment to expansion and development in the steel industry.