Rashmi Group Announces ₹12,500 Crore Steel Investment in Telangana at Davos 2026

**_Davos, Switzerland_**: Rashmi Group, one of India’s fastest-growing integrated steel and manufacturing conglomerates, has signed a **₹12,500 crore Memorandum of Understanding (MoU)** with the Government of Telangana to establish a large-scale steel manufacturing facility in the state. The agreement was formalized on the sidelines of the** World Economic Forum (WEF) 2026 in Davos**, marking another major milestone in Rashmi Group’s expansion journey.

The proposed investment is expected to generate **approximately 12,000 direct and indirect employment** opportunities, significantly boosting industrial development and economic growth in Telangana.

**Strengthening Rashmi Group’s Global Expansion**

Established in 1966, Rashmi Group has evolved into a global manufacturing powerhouse with exports to** over 40 countries across Asia, Europe, the Middle East, Africa, and North and South America**. The Group is globally recognized for its **Ductile Iron Pipes** used in water supply and sanitation infrastructure projects across the world.

Over the years, Rashmi Group has built strong leadership across multiple segments:

• World’s 2nd Largest Ductile Iron Pipes & Fittings Manufacturer
• India’s Largest Small Diameter Seamless Pipes & Tubes Manufacturer
• Integrated Steel Manufacturing Capabilities
• Strong Presence in Steel, Power, Cement, Ferro Alloys & Mining
• Exports to 50+ Countries Across the Globe

The Telangana project will further strengthen Rashmi Group’s manufacturing scale and reinforce its position as a global leader in iron and steel manufacturing.

**A Strategic Move Towards Sustainable Steel Manufacturing**

As part of the discussions at Davos, **Rashmi Group also expressed interest in collaborating with the Telangana government on green manufacturing, energy-efficient steel production, and circular economy initiatives**. This reflects the Group’s commitment to sustainable industrial development and responsible manufacturing practices.

The upcoming steel facility will incorporate advanced technologies aimed at improving operational efficiency while minimizing environmental impact, aligning with global sustainability standards.

**Boost to Telangana’s Industrial Growth**

The ₹12,500 crore investment will play a transformative role in Telangana’s industrial ecosystem:

**_Economic Development_**
- Creation of a major steel manufacturing hub
- Boost to ancillary industries and MSMEs
- Strengthening supply chain and logistics infrastructure

**_Employment Generation_**
- Approximately 12,000 direct and indirect jobs
- Skill development opportunities for local workforce
- Growth in regional economic activity

**_Infrastructure & Industrial Ecosystem_**
- Improved industrial infrastructure
- Development of downstream steel industries
- Increased business opportunities for local vendors

**Leadership Commitment**

The agreement was finalized following discussions between Rashmi Group Promoter **Shri Sajjan Kumar Patwari**, Director **Shri Sanjib Kumar Patwari**, and the Telangana government delegation during the **World Economic Forum 2026 in Davos**. The leadership reaffirmed Rashmi Group’s commitment to establishing world-class manufacturing infrastructure in the state.

**Strengthening Rashmi Group’s Global Steel Leadership**

This strategic investment in Telangana marks another significant step in Rashmi Group’s ambitious growth roadmap. With expanding steel capacity, diversified manufacturing capabilities, and growing global presence, Rashmi Group continues to strengthen its leadership in the iron & steel sector.

The Telangana project will not only enhance Rashmi Group’s manufacturing capabilities but also expand its footprint across India, further positioning the Group as a global powerhouse in iron & steel manufacturing.

**With this landmark investment, Rashmi Group moves closer to becoming an unbeatable force in the global Iron & Steel industry; driving growth, sustainability, and industrial transformation.**