Shyam Steel Group is preparing to undertake a major expansion in West Bengal through proposed investments worth approximately Rs 15,000 crore, a move expected to create nearly 20,000 direct and indirect employment opportunities while strengthening the state’s industrial base.
A key part of the investment plan is the development of a two-million-ton-per-annum (MTPA) integrated steel plant at Mejia in Bankura district. The project, with an estimated investment of Rs 10,000 crore, is expected to generate around 15,000 jobs and significantly enhance the region’s manufacturing capabilities. Upon completion, the new facility will increase the Group’s total steel production capacity to 3.5 MTPA, making it one of the largest steel manufacturing units in eastern India.
Beyond the steel project, the company has outlined additional investments of nearly Rs 5,000 crore in sectors such as defence manufacturing, engineering, fabrication, chemicals, industrial townships, and real estate. These proposed developments are expected to diversify industrial activity in the state, encourage ancillary businesses, and create thousands of additional employment opportunities.
The foundation stone for the proposed projects is expected to be laid by the Chief Minister, marking a significant milestone in West Bengal’s industrial development and reinforcing the state’s efforts to attract large-scale investments across multiple sectors.