Vedanta Group has announced a ₹1 lakh crore investment in Odisha, aimed at boosting industrial growth, job creation, and downstream manufacturing. The initiative includes aluminium parks, a ferro-alloys plant, and a refinery, with over one lakh direct and indirect employment opportunities expected across multiple districts.
Vedanta Group is set to reshape Odisha’s industrial landscape with a massive ₹1 lakh crore investment, unveiled during Chairman Anil Agarwal’s meeting with Chief Minister Mohan Charan Majhi at Lok Seva Bhawan in Bhubaneswar. The strategic expansion plan spans multiple sectors and locations, reinforcing Odisha’s emergence as a national manufacturing hub.
Major Takeaways
- The investment will support the development of a refinery, aluminium parks, and a ferro-alloys plant across Keonjhar, Jharsuguda, and Dhenkanal districts
- A ₹2,000 crore ultra-modern ferro-alloys facility will be established in Keonjhar to strengthen Odisha’s position in the global metal value chain
- Two aluminium parks—one in Jharsuguda and another at a site identified by the state—will promote value-added manufacturing in aerospace, EV, and defence sectors
- The initiative is expected to generate over one lakh jobs, both directly and indirectly, across MSMEs and large-scale industries
- Odisha’s government has pledged full support, including fast-tracked land allocation and infrastructure facilitation
- Vedanta’s cumulative investment in Odisha now exceeds ₹2 lakh crore, making it one of the state’s largest private contributors to industrial development
- The expansion aligns with India’s broader goals of boosting domestic manufacturing and achieving a $500 billion economy by 2036
This landmark investment not only reinforces Vedanta’s long-term commitment to Odisha but also signals a new chapter in India’s industrial growth narrative, with Odisha poised to play a central role.
Sources: News18, Outlook Business, Orissa Post, Odisha Plus, Times of India, RealtyNXT