Davos/Hyderabad, Jan. 21 -- The Chief Minister A Revanth Reddy-led 'Telangana Rising' delegation on Tuesday signed a Memorandum of Understanding (MoU) with Rashmi Group for setting up a steel production unit in Telangana with an investment of Rs 12,500 crore and an employment potential of 12,000 direct and indirect jobs.
Rashmi Group Promoter Sajjan Kumar Patwari and Director Sanjib Kumar Patwari met the delegation during the World Economic Forum (WEF) 2026 and expressed readiness to establish the steel plant in the State.
Established in 1966, the conglomerate is globally known for its ductile iron (DI) pipes used in water and sanitation projects and exports to over 40 countries across multiple continents.
Chief Minister Revanth Reddy co...