Jai Balaji Group plans Rs 6000 crore investment in West Bengal for steel and renewable energy sectors

Kolkata: Jai Balaji Group on Thursday has proposed an investment of around Rs 6,000 crore in West Bengal over the coming years, with a focus on specialised steel for railways, defense & aerospace applications, precision engineering, aluminum & copper alloys & its downstream products, conventional & renewable energy.

The proposed expansion was announced by the company, following the unveiling of the West Bengal Investment Promotion Policy, 2026 on Thursday in Kolkata. The project is expected to generate more than 20,000 additional employment opportunities, the group said in a statement.

The group said its plans reflected confidence in the state's industrial potential and the business environment being promoted by the new government.


The proposed expansion will be the production of specialized alloy and high-grade steel for defense applications, along with high-precision materials and components for the railways & aerospace industry. The Group also plans to strengthen its presence in precision engineering goods, specialised copper products, and steel castings and forgings catering to critical sectors such as railways, defence, automobiles, space and other engineering industries, company said.

The Group also plans to invest in solar and green power generation to support its manufacturing operations, improve energy efficiency and reduce its carbon footprint. Its existing integrated manufacturing infrastructure includes captive power generation capacity of approximately 100 MW, the company said.

With a legacy spanning four generations, the Jai Balaji Group was founded by the Jajodia family and developed a strong presence in the steel and manufacturing sectors, operating 10 manufacturing facilities across West Bengal, Odisha and Chhattisgarh, of which eight are located in West Bengal.