Shyam Steel, a renowned steel company, has inaugurated its fourth Integrated Steel Plant in Purulia, West Bengal, marking a significant milestone in its journey. The 600-acre plant, located at Jungle Sundari Karmanagari (formerly Raghunathpur Industrial Park), will play a pivotal role in bolstering the region’s economy. Construction began in April last year, and the plant is set to transform the landscape of Purulia. The event was graced by the virtual presence of Hon’ble Chief Minister of West Bengal, Mamata Banerjee.
Shyam Steel’s ambitious vision is to double its turnover from Rs. 4500 crores to Rs. 9000 crores over the next two years, backed by a robust expansion strategy. The Raghunathpur Steel Plant, with a capital investment of ₹1,500 crore, is a testament to Shyam Steel’s commitment to innovation, job creation, and sustainable growth. In phase 1, the plant has a robust steel-making capacity of 1.19 million tonnes per annum.
The plant is equipped with cutting-edge technology, including DRI Plants, a Power plant, a Steel Melting Shop, and a Rolling Mill, ensuring top-quality production. Speaking about the inauguration Mr. Purushottam Beriwala, Director of Shyam Steel Industries, said “The inauguration of the Raghunathpur Steel Plant marks a significant milestone in our relentless pursuit of growth and innovation.”
