Vedanta to Invest ₹1 Lakh Crore in Odisha’s Largest Aluminium Project

Anil Agarwal Meets Odisha CM at Lok Seva Bhawan

Bhubaneswar, October 24 – In a landmark development for Odisha’s industrial sector, Vedanta Group Chairman Anil Agarwal today met Chief Minister Mohan Charan Majhi at Lok Seva Bhawan and announced a massive investment plan worth ₹1 lakh crore in the state. The proposed mega aluminium project will be established in Dhenkanal district, marking one of the largest single industrial investments in Odisha’s history.

During the high-level meeting, Agarwal discussed Vedanta’s roadmap for expanding its industrial footprint in Odisha, including the establishment of new downstream industries and value-added aluminium parks.

Dhenkanal to Host 30 Lakh Tonnes Aluminium Plant

According to Vedanta Group’s proposal, the company plans to set up a 30 lakh tonne per annum aluminium smelter in Dhenkanal. Once the required land is allotted, construction work is expected to begin within three to four months. The Chief Minister assured that the state government would provide the land within a month to ensure timely commencement of the project.

The plant is expected to be completed within three and a half years. Vedanta officials estimate that the project will generate over 1 lakh direct and indirect employment opportunities in the region.

Additional Projects Across Odisha

Besides the Dhenkanal project, Vedanta has also proposed several other industrial initiatives across Odisha. These include the establishment of two new aluminium parks — one near Vedanta’s existing facility in Jharsuguda and another in a new location to be identified by the state government.

Both parks will focus on producing high-grade aluminium alloys for use in aerospace, electric vehicles, and defence manufacturing. This move is expected to attract large-scale downstream investments and boost the growth of MSMEs in Odisha.

Furthermore, Vedanta plans to invest around ₹2,000 crore in setting up an advanced Ferro-Alloy plant in Keonjhar district, strengthening Odisha’s position in the global metal value chain.

Government’s Commitment to Industrial Growth

Chief Minister Mohan Charan Majhi expressed strong support for Vedanta’s investment plan and reaffirmed the state’s commitment to facilitating ease of business. He stated that Odisha is fully prepared to become a global hub for industry and technology, in line with the Prime Minister’s vision of a “Viksit Bharat”.

“Our goal is not just industrial development but empowerment of our youth and citizens. This investment will be a game-changer for Odisha’s economy and will pave the way for transforming the state into a $500 billion economy by 2036,” the Chief Minister said.

A Boost to Odisha’s Industrial Ecosystem

Vedanta’s fresh investment proposal reinforces Odisha’s reputation as India’s emerging industrial powerhouse. With its vast natural resources, robust infrastructure, and proactive governance, the state continues to attract major global and domestic investors.

Expressing gratitude to the Chief Minister and the state administration, Anil Agarwal said, “We are committed to deepening our partnership with Odisha. The state’s progressive policies and support have made it one of the best destinations for industrial growth in India.”