Mamata Banerjee unveils Shyam Steel's Rs 15-bn Purulia plant

04 Mar 2024 CW Team

Mamata Banerjee, Chief Minister, West Bengal, virtually inaugurated Shyam Steel's integrated plant in Purulia district, which is valued at Rs 15 billion. The company already has three facilities in Durgapur and Bankura. Lalit Beriwala, the director of Shyam Steel, informed that the new steel plant at Raghunathpur, spread across 600 acres, would have a capacity of 1.19 million tonnes.

According to Beriwala, the expansion would lead to a consolidated capacity of 4.03 million tonnes per annum (MTPA), including finished steel of 1.36 MTPA. Shyam Steel, currently with a turnover of Rs 6,000 crore, aims to enhance its position in the steel industry. The group anticipates achieving a turnover of Rs 9,000-10,000 crore in the next 2-3 years, driven by government-backed infrastructure initiatives.

The newly inaugurated steel facility is expected to empower the company to manufacture high-quality steel products to meet the rising demands in both domestic and international markets, as stated by the official.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..