Vedanta's ₹1 Lakh Crore Bet on Odisha's Aluminium Future

Vedanta has announced plans to establish a state-of-the-art aluminium park in Jharsuguda, Odisha, alongside a 3 MTPA aluminium plant in Rayagada district, with a total investment of Rs 1 lakh crore.

The aluminium park will cover 253 acres and is expected to attract more than 100 micro, small, and medium enterprises (MSMEs), creating two lakh job opportunities. During the 'Utkarsh Odisha-Make in Odisha Conclave' in January, Vedanta signed a Memorandum of Understanding (MoU) with the Odisha state government to jointly develop both projects.

In addition to these new ventures, Vedanta currently operates a 1.8-MTPA smelter facility in Jharsuguda and a 3.5-MTPA alumina refinery in Lanjigarh, Kalahandi. This substantial investment will further reinforce Vedanta's presence in Odisha, driving industrial growth, creating employment, and expanding the aluminium sector in the region.

News by Rahul Yelligetti.