Kolkata (West Bengal) [India], December 5: In a significant step toward shaping the future of Eastern India’s industrial landscape, Sri Deepak Kumar Agarwal, Chairman & Managing Director of the Shakambhari Group, participated in a high-level strategic session hosted by the Merchants’ Chamber of Commerce & Industry (MCCI). The interactive dialogue featured Mr. S. Suresh Kumar, IAS, Chairman, Damodar Valley Corporation (DVC), who unveiled DVC’s forward-looking power, coal and renewable energy roadmap.
As a reputed member of MCCI and leader of one of India’s most trusted steel manufacturing companies, Sri Agarwal joined an influential panel of industrial stakeholders to discuss the region’s evolving energy requirements, infrastructure readiness, and long-term industrial competitiveness.
This engagement marks a meaningful milestone for the Group, which has consistently driven excellence in the iron and steel industry across Eastern India.
A Dialogue That Shapes the Future of Industry
The discussion centred around three core priorities essential for India’s next decade of industrial expansion:
1. Assured Captive Coal Availability
DVC announced its mission to become fully self-reliant in coal through expanded captive mining, targeting 50 million tonnes of production annually within three years. For industries such as steel, where uninterrupted fuel is the backbone of operational strength, this initiative offers major long-term reliability.
Sri Agarwal contributed insights on how stable fuel availability strengthens productivity for both upstream and downstream sectors.
2. Tariff Stability for Predictable Growth
Industry representatives emphasised that consistent, competitive power tariffs are essential for large-scale manufacturers and the wider industrial value chain. DVC expressed intent to explore tariff models that support industry-friendly pricing while also ensuring grid stability.
3. Scalability, Renewable Energy & Infrastructure Expansion
DVC shared its vision for a massive capital outlay in thermal capacity, solar capacity, transmission lines and battery-energy storage systems, reinforcing its long-term commitment to powering industrial growth across Eastern India.
These developments align strongly with the growth trajectory of rising sectors, including the steel industry, where demand for stable energy is increasing sharply.
What This Means for the Steel Ecosystem
For businesses, distributors and suppliers associated with the Shakambhari Group and its flagship brand Elegant Steel, this engagement signals long-term stability for the entire value chain.
As one of India’s leading TMT bar manufacturers and a trusted partner for infrastructure and construction companies, Elegant Steel’s operations depend on power reliability, fuel security and stable policies.
The strategic alignment with DVC’s future-ready plans reinforces confidence that the region is moving toward an era of greater energy assurance, enabling steel producers and steel bar distributors to scale with clarity and certainty.
For buyers, project consultants and distribution partners, this represents a stronger, more secure supply chain backed by a steel group that stays ahead of national growth trends.
A Step Forward for Eastern India’s Industrial Future
The MCCI session, titled “Outlook for a Multifaceted DVC”, brought together key industry voices committed to building a resilient industrial ecosystem. The discussions reaffirmed a powerful message: collaboration between core energy providers and industrial leaders is not optional – it’s the foundation of India’s next leap of progress.
With leaders like Sri Deepak Kumar Agarwal actively participating in these high-level dialogues, Shakambhari Ispat & Power Limited continues to demonstrate its commitment to shaping the future of India’s steel and manufacturing landscape.
About Shakambhari Group
The Shakambhari Group is a diversified and rapidly growing industrial organisation recognised for its excellence in steel manufacturing, sustainability practices, and value-driven leadership. With a strong presence across Eastern India, the Group is known for its unwavering commitment to quality, innovation and nation-building.
About Elegant Steel
Elegant Steel, the Group’s flagship brand, is one of India’s most trusted names in TMT bars and reinforcement solutions. Known for its reliability, strength and consistent product quality, Elegant Steel caters to builders, contractors, distributors and infrastructure companies across the region.
Media Contact
Corporate Communications Team
Shakambhari Group
033 6625 5252
info@shakambhariispat.com
https://www.shakambharigroup.in
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