Vedanta Commits ₹1 Trillion to Odisha, Doubling Aluminium Capacity.

Vedanta Group, one of India’s leading mining and metals conglomerates, has announced an additional ₹1 trillion investment in Odisha, a move expected to create over 1,00,000 direct and indirect jobs, according to the Chief Minister’s Office (CMO).

During a meeting in Bhubaneswar, Vedanta Chairman Anil Agarwal presented the proposal to Chief Minister Mohan Charan Majhi. The investment plan includes setting up a ₹2,000 crore ferro-alloys plant in Keonjhar and establishing two aluminium parks — one in Jharsuguda and another at a state-approved location. Land acquisition is currently underway, with construction slated to begin within three to four months and completion targeted in 3–3.5 years.

Vedanta already has a significant presence in Odisha through its large-scale aluminium and power operations. The proposed expansion aligns with the state’s vision of transforming into a USD 500-billion economy by 2036. Additionally, the company is advancing plans for a 3 MTPA aluminium smelter in Dhenkanal, which will double its total capacity to 6 MTPA, further consolidating its role in driving industrial growth and sustainable development in the region.

News by Rahul Yelligetti.