RP-Sanjiv Goenka Group announces Rs 15,800 crore investment plan for West Bengal

Sanjiv Goenka, Chairman of the RP-Sanjiv Goenka Group, on Thursday announced a capital expenditure plan of Rs 15,800 crore to strengthen infrastructure across the energy, education and healthcare sectors in West Bengal.

Addressing the Business and Industry Conclave 2025, Goenka said the group has invested Rs 26,500 crore during the tenure of West Bengal Chief Minister Mamata Banerjee. He said the chief minister’s “decisive leadership” has enabled faster investment decisions.

The proposed investment is led by an energy storage project involving a 5,000 megawatt hour (MWh) facility, with an estimated cost of Rs 12,000 crore. Goenka said the project is expected to be among the first of its kind in the country.

He said the objective of the storage facility is to enable Kolkata to source at least 50 per cent of its energy from renewable sources. If achieved, this would be the first instance of such a level of renewable energy usage by a city in India, he said.

The RP-Sanjiv Goenka Group has already submitted a letter of application for the required land for the energy project.

In addition to the energy sector, the group has proposed investments of around Rs 1,000 crore in social infrastructure, including education and healthcare.

In the education segment, the group plans to double its capacity, which will require an investment of Rs 500 crore.

In healthcare, the group is planning to set up a new hospital, which it aims to develop as India’s best healthcare facility. The hospital is expected to be commissioned by January 2027.

When combined with ongoing investments in distribution, the total proposed capital expenditure by the group amounts to Rs 15,800 crore.

Goenka said the scale of the investment is possible due to the leadership of the chief minister, citing her decisiveness and speed in facilitating projects.