Bhubaneswar: In a major boost to Odisha’s industrial and economic landscape, Vedanta Group has announced plans to invest approximately Rs 1 lakh crore in the State over the coming years. This massive investment is expected to generate more than 1 lakh direct and indirect employment opportunities, marking a significant step towards transforming Odisha into a hub of industrial excellence and inclusive growth.
The announcement came following a high-level meeting between Vedanta Group Chairman Anil Agarwal and Chief Minister Mohan Charan Majhi at Lok Seva Bhawan in Bhubaneswar on October 23. During the discussion, several new industrial projects were deliberated upon, aimed at strengthening Odisha’s position in India’s metal and manufacturing ecosystem.
As part of the proposed investments, Vedanta will establish an ultra-modern Ferro-Alloy Plant in Keonjhar district with an investment of Rs 2,000 crore. The plant will play a crucial role in enhancing Odisha’s standing in the global metal value chain and promoting value addition within the State’s mineral sector.
In addition, Vedanta announced the establishment of two new Aluminium Parks in Odisha — one adjacent to its Jharsuguda Aluminium Plant and another at a location to be identified by the State Government. These state-of-the-art facilities will focus on producing high-grade aluminium alloys for use in aerospace, electric vehicle (EV), and defence industries. The parks are expected to attract large-scale downstream investments and spur the growth of the MSME sector, fostering innovation and employment generation.
Expressing his commitment to industrial growth, Chief Minister Mohan Charan Majhi said that Odisha is determined to realize the Hon’ble Prime Minister’s vision of “Viksit Bharat” through sustained infrastructure development and strategic industrial partnerships.
“With robust investments by companies like Vedanta, Odisha is on the path to becoming a global hub for industry and technology. Such initiatives will not only drive economic growth but also empower the youth, create livelihoods, and lay the foundation for a $500 billion economy by 2036,” the Chief Minister said.
He further described Vedanta’s upcoming projects as “a game-changer for the bright future of Odisha.”
Vedanta Chairman Anil Agarwal thanked the Chief Minister and the State Government for their unwavering support and proactive approach towards facilitating industrial projects in the State.
The meeting was also attended by Chief Secretary Manoj Ahuja, Industries Additional Chief Secretary Hemant Sharma, Mining & Steel Additional Chief Secretary Surendra Kumar, and Principal Secretary to the Chief Minister Saswat Mishra, among others.
This development reinforces Odisha’s growing reputation as one of India’s leading destinations for industrial investment, combining natural resource wealth with progressive governance and investor-friendly policies.
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