RP-Sanjiv Goenka Group to Invest INR 12,000 Crore in Bengal Energy Storage

The RP-Sanjiv Goenka Group has announced a capital expenditure plan of INR 15,800 crore to strengthen infrastructure across energy, education and healthcare sectors in West Bengal.

Speaking at the Business and Industry Conclave 2025, Group Chairman Sanjiv Goenka said that  the investment reflects the company’s long-term commitment to the state, citing what he described as the 'decisive leadership' of Chief Minister Mamata Banerjee that enables faster investment decisions. He noted that the group has already invested around INR' 26,500 crore in West Bengal during her tenure.

A major component of the proposed investment is a large-scale energy storage project involving a 5,000 MWh battery storage facility, with an estimated outlay of INR 12,000 crore. According to Goenka, the project is expected to be among the first of its kind in the country.

He further noted that the primary objective of the high-capacity storage system is to enable Kolkata to source at least 50 per cent of its electricity from renewable energy. If achieved, Kolkata would become the first Indian city to attain such a level of renewable energy integration.

The RP-Sanjiv Goenka Group has already submitted an application seeking land for the project. In response to the group’s request for around 600 acres, the Chief Minister assured full support from the State government. The Chief Minister directed officials to place a proposal before the next state Cabinet and confirmed that 350 acres of land are currently available at Uttarpara in Hooghly district.

Apart from energy, the group has also earmarked nearly INR 1,000 crore for expanding its footprint in education and healthcare. In the education segment, the company plans to double its capacity, which will require an investment of about INR 500 crore.

In healthcare, the group is planning to develop a state-of-the-art hospital, which it aims to position among the best in the country. The hospital is expected to be commissioned by January 2027.

Including ongoing investments in power distribution, the total proposed capital outlay by the RP-Sanjiv Goenka Group in the State stands at INR 15,800 crore.

Goenka said that the scale of the investment was made possible by the State government’s supportive approach, highlighting speed of decision-making and policy clarity as key enablers of the group’s expansion plans.