Vedanta to Invest ₹1 Lakh Crore in Odisha for Alumina and Aluminium Production Facilities
Vedanta has announced a substantial investment of ₹1 lakh crore in Odisha to establish a 6 million tonnes per annum (MTPA) alumina refinery and a 3 MTPA aluminium plant. This initiative aims to focus on green aluminium production powered by renewable energy and is anticipated to generate 2 lakh jobs throughout the state. The announcement occurred during a meeting between Vedanta representatives and Odisha’s Chief Minister at the “Utkarsh Odisha” roadshow, part of the forthcoming Make in Odisha Conclave 2025.
Anil Agarwal, Chairman of Vedanta, emphasized the company’s commitment to fostering inclusive growth and driving industrial development in the state. “Under the leadership of Chief Minister Mohan Charan Manjhi, we aim to significantly contribute to the economic advancement of Odisha, empower local communities, and improve the quality of life for millions,” he stated. The investment will also lead to the creation of essential infrastructure, including educational institutions, healthcare facilities, skill development centers, and Nandghars to support local populations.
The Chief Minister remarked that with Vedanta’s ongoing support, Odisha is on the path to becoming a half-trillion-dollar economy by 2030. He assured that the state government would provide comprehensive assistance for the successful development of these projects.
Furthermore, Vedanta’s initiatives are expected to positively impact thousands of micro, small, and medium enterprises (MSMEs) in the aluminium and related sectors, opening new avenues for downstream businesses.
Vedanta Limited is a diversified natural resources company with a prominent presence in India and globally, engaged in exploring, extracting, and processing minerals and energy resources. The company’s portfolio spans across key sectors, including zinc, lead, silver, iron ore, steel, copper, aluminum, power generation, and oil and gas.
Vedanta is a leader in India’s mining and metals industry, playing a crucial role in supplying raw materials for infrastructure, manufacturing, and energy needs. Known for its large-scale operations and focus on sustainability, Vedanta aims to balance growth with environmental responsibility. The company is committed to community development, implementing various CSR initiatives to improve education, healthcare, and livelihoods in the regions it operates.