Vedanta Plans ₹1 Lakh Crore Investment to Boost Odisha’s Industrial Ecosystem
Focus on downstream industries, aluminium parks, and ferro-alloy plant to generate jobs and strengthen state economy
Bhubaneswar : In a major industrial development push, Vedanta Group has proposed an investment of ₹1,00,000 crore for developing downstream industries in Odisha. The proposal was presented by Vedanta Chairman Anil Agarwal during his meeting with Chief Minister Mohan Charan Majhi on October 23, 2025.
According to the Chief Minister’s Office (CMO), the State Government assured full support to Vedanta for implementing these projects. This includes providing land, infrastructure, and necessary clearances to facilitate smooth execution. The investment marks one of the largest commitments by a private company in Odisha’s industrial history.
As part of the proposal, Vedanta plans to establish an ultra-modern ferro-alloys plant in Keonjhar with an investment of ₹2,000 crore. The plant is expected to enhance Odisha’s position in the global metal and mineral value chain, while generating direct and indirect employment opportunities for local youth.
In addition, Vedanta has proposed the development of two new Aluminium Parks in Odisha. One of these will be set up near the company’s existing aluminium facility at Jharsuguda, while the second will be built at a location identified by the State Government. These state-of-the-art parks will focus on producing high-grade aluminium alloys tailored for sectors such as aerospace, electric vehicles (EVs), railways, and defence.
Officials said the parks would attract downstream industries and promote MSME growth by enabling small and medium enterprises to manufacture value-added aluminium products. The initiative is expected to boost local entrepreneurship and contribute significantly to Odisha’s industrial output.
Chief Minister Mohan Charan Majhi welcomed Vedanta’s proposal, stating that it aligns with the Prime Minister’s vision of Viksit Bharat (Developed India). He said that investments in core industries and infrastructure would accelerate Odisha’s journey toward becoming a $500 billion economy by 2036.
“This massive investment will be a game-changer for the bright future of Odisha. It will create thousands of employment opportunities for the youth, empower communities, and drive sustainable development,” the Chief Minister said.
He added that the State Government is committed to strengthening its partnership with leading industrial houses to make Odisha a hub for manufacturing, mining, and value-added industries.
Vedanta Chairman Anil Agarwal expressed optimism about Odisha’s potential, citing its natural resources, policy support, and skilled workforce as major advantages. He said the company aims to transform Odisha into a global centre for metals, green energy, and downstream manufacturing.
Industry experts believe this investment will boost the state’s economic prospects and promote inclusive growth through infrastructure, jobs, and technology transfer. The proposed projects are also expected to strengthen India’s self-reliance in strategic sectors and increase export potential.
With this development, Odisha is poised to emerge as a key player in metal processing, renewable energy, and advanced manufacturing in the coming years.
