Shyam Steel inaugurates integrated steel plant in Purulia
Shyam Steel inaugurated its fourth integrated steel plant at JSK-II, Purulia, West Bengal. The Raghunathpur Steel Plant, with a capital investment of Rs 1,500 crore, stands as a testament to Shyam Steel's unwavering commitment to innovation, job creation, and sustainable growth. In phase 1 of its expansion, the plant boasts a robust steel-making capacity of 1.19 million tonnes per annum. This state-of-the-art facility is equipped with cutting-edge technology, including DRI plants, power plant, steel melting shop, and a rolling mill, ensuring top-quality production. In the backdrop of Shyam Steel's journey of excellence, fortified by the establishment of four cutting-edge integrated steel plants in Durgapur, Mejia, Bamunara, and Howrah, the inauguration of the Raghunathpur Steel Plant stands as a new pinnacle.
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. This strategic 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, expressed his enthusiasm for this momentous occasion, "Our vision has always been to contribute to India's industrial progress while uplifting local communities. With the Raghunathpur Steel Plant, we are not only advancing our legacy but also 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."
The 600-acre plant, situated at the Jungle Sundari Karmanagari (formerly known as Raghunathpur Industrial Park), will play a pivotal role in bolstering the region's economy. Construction commenced in April last year, and the plant is poised to transform the landscape of Purulia. The move is aimed at growth, further underscored by Shyam Steel's ambitious vision to double its turnover from Rs 4,500 crores to Rs 9,000 crores over the next two years. This vision is backed by a robust expansion strategy, showcasing the company's commitment to scaling new heights in the steel industry.
