Kolkata: Shyam Steel Group’s mega projects, likely to be inaugurated by CM Suvendu Adhikari on Friday, are expected to generate employment for 20,000 people with an investment of Rs 15,000 crore, making these the biggest projects in terms of investment and jobs announced since BJP came to office in Bengal.The group has an annual turnover of over Rs 10,000 crore and directly employs more than 25,000 people.Shyam Steel director Lalit Beriwal told TOI that the group was setting up an integrated steel plant with a production capacity of 2 MTPA (million tonne per annum) at an estimated cost of Rs 10,000 crore. “The project has the potential to become one of the most significant manufacturing investments in the industrial history of Bengal. Upon implementation, it is expected to generate approximately 15,000 direct and indirect employment opportunities, while further strengthening the state’s industrial ecosystem and manufacturing capabilities,” he said. The plant would increase the group’s capacity to 3.5 MTPA. “Once commissioned, the steel plant will be one of the biggest in the region,” he added.Beyond the steel plant, Shyam Steel Group has proposed investments of around Rs 5,000 crore across defence manufacturing, real estate and industrial townships, fabrication, paints and industrial coatings, infrastructure, construction chemicals, engineering and other emerging sectors. These projects are expected to create another 5,000 jobs. “This will play a significant role in fostering the development of a modern industrial ecosystem in Bengal. It will substantially strengthen the state’s manufacturing capabilities, promote technological innovations, and contribute to sustainable economic growth, improving the quality of life of the people of the state,” Beriwal added.The group’s key institutional clients will include the National Highways Authority of India (NHAI), Airports Authority of India (AAI), and Oil and Natural Gas Corporation (ONGC).
