Vedanta Commits Rs 1 Lakh Crore Investment in Odisha: Aluminum Parks, Ferro-Alloy Plant, and 1 Lakh Jobs on the Horizon
In a landmark move poised to reshape Odisha’s industrial landscape, Vedanta Group Chairman Anil Agarwal met Chief Minister Mohan Charan Majhi at Lok Seva Bhawan to unveil a Rs 1 lakh crore investment plan.
The initiative promises to generate over 1 lakh direct and indirect employment opportunities, with the Odisha government pledging full support through land allocation and infrastructure facilitation.
A centrepiece of the investment is a Rs 2,000 crore ferro-alloy plant in Keonjhar district, designed to boost the state’s manufacturing capabilities. Additionally, Vedanta will establish two aluminium parks—one near its Jharsuguda facility and another at a new site provided by the state.
These parks will produce high-grade aluminium alloys for aerospace, electric vehicles, and defence applications, catalysing growth in Odisha’s MSME sector.
Chief Minister Majhi hailed the investment as a “game-changer,” aligning with Prime Minister Narendra Modi’s ‘Viksit Bharat’ vision. He emphasised that such industrial ventures will empower youth, elevate Odisha’s global standing, and help achieve a $500 billion economy by 2036.
The meeting was attended by senior officials, including Chief Secretary Manoj Ahuja and Principal Secretary Saswata Mishra, underscoring the state’s commitment to becoming a premier investment destination.