Bhubaneswar: In a major boost to Odisha’s industrial growth, Vedanta Group has announced a capital investment of ₹1 lakh crore in the state, aimed at generating more than one lakh direct and indirect employment opportunities.
Vedanta Group Chairman Anil Agarwal met Chief Minister Mohan Charan Majhi at the state secretariat on Thursday to apprise him of the group’s proposed projects. The Odisha government has assured full support, including the provision of land and necessary infrastructure facilities, for the ambitious investment plan.
As part of the expansion, Vedanta will set up an ultra-modern Ferro-Alloys Plant in Keonjhar with an investment of ₹2,000 crore. The plant is expected to strengthen Odisha’s position in the global metal value chain.
In addition, the conglomerate will establish two state-of-the-art Aluminium Parks in the state—one near Vedanta’s existing aluminium plant at Jharsuguda and another at a site identified by the state government. These parks will manufacture high-grade aluminium alloys for critical sectors such as aerospace, electric vehicles, and defence, potentially attracting significant downstream investments and providing a major boost to Odisha’s MSME sector.
Following his meeting with Agarwal, Chief Minister Majhi reaffirmed the government’s commitment to the Prime Minister’s vision of “Viksit Bharat”, stating that industrial investments of this scale would propel Odisha toward becoming a $500 billion economy by 2036.
“This massive investment will be a game changer for the bright future of Odisha,” Majhi said, adding that such projects would accelerate economic growth, empower youth, and establish Odisha as a global hub for industry and technology.
Vedanta Chairman Anil Agarwal expressed gratitude to the Chief Minister and the state administration for their continued support.