Mumbai: Vedanta Limited has announced another Rs.1 lakh crore investment in Odisha. The announcement was made during a meeting between Odisha CM Mohan Majhi and Vedanta chairman Anil Agrawal in the sidelines of Make-in-Odisha Road show in Mumbai.
During today’s interaction with the Chief Minister and his delegation at the Make in Odisha Conclave 2025 roadshow, “Utkarsh Odisha,” Vedanta Limited announced a new investment of Rs. 1 lakh crore. This investment will be directed towards establishing a 6 million tons per annum alumina refinery and a 3 million tons aluminium plant, focused on producing green aluminium powered by renewable energy. This will create massive industrial complex for the downstream industries, as there are more than hundreds of application of Aluminium which is used in auto, power, construction and railways sectors. As Odisha progresses toward becoming one of the most developed states with a vision to achieve a half-trillion-dollar economy by 2030, Vedanta envisions Rayagada emerging as a highly developed region, akin to the new Jharsuguda. In collaboration with the Government of Odisha, Vedanta will establish education centers, hospitals, skill development centers, and Nandghars to benefit the people of the state. This will be the largest investment ever made in Odisha which will create 2 lakh jobs and opportunities for 1000s of MSMEs. As Aluminium is the metal of the future, demand for Aluminium is likely to double by 2030.
