Metals & Mining News

Rashmi Group: Rashmi Group forays into mining, secures three coal mines in West Bengal


Rashmi Group has recently forayed into mining by securing the first-ever private coal mining rights in West Bengal, as a part of backward Integration process. The Union Ministry of Coal has allotted three coal mines in the state, namely Kagra Joydev Coal Block and Kasta East Coal Block in Birbhum and Jagannathpur B in West Burdwan through auction. These mines were allotted to Rashmi Group, an Iron & Steel Company, marking a landmark moment in the state’s industrial landscape, the company said in a statement.

After receiving cabinet approval through “Long Term Settlement”(LTS) Scheme, West Bengal government has transferred 715.58 acres of land to Rashmi Group at Kagra Joydev Coal Block, which was formerly allotted to DVC. This strategic move sets the stage for the operationalisation of the coal block in Birbhum, opening up opportunities for employment generation in the region and peripheral development, the company said in a statement.

Sanjib Patwari, promoter of the Group, stated, “We are committed to creating sustainable employment opportunities and contributing to the prosperity of the region. The success of this venture will be a testament to our capabilities but also a symbol of collaborative growth with the state government.”

“In a bid to start our mining operations in Kagra Joydev Coal Block (Birbhum), we are hopeful of the continued support from the local district administration in acquiring land required for mining and possession of land acquired through LTS to proceed with our plans as per schedule,” the company said.

The group targets to increase its presence in the state, with proposed investments of Rs. 20,000 Crores in expanding the Integrated Steel Plant and an additional Rs. 2000 Crores in mining activities from 2023 to 2030,” the company said.

“The current employment scenario showcases the group’s commitment to employment creation in West Bengal, with 40,000 employees in the Integrated Steel Plant and 500 in mining. The proposed expansion plans aim to creation of estimated 40,000 jobs in the Integrated Steel Plant and 15,000 in mining…The envisioned expansion plans, including the augmentation of the Integrated Steel Plant in Kharagpur & Jhargram, establishment of Integrated Steel Plants in Jamuria and Purulia, it said.Founded in 1991, Rashmi Group, it is engaged in manufacturing of integrated Iron & Steel Products, Cement, Power and Mining in Eastern India.


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