Mining and metals conglomerate Vedanta Group will invest an additional ₹1 trillion in Odisha, generating over 100,000 direct and indirect jobs, the Chief Minister’s Office (CMO) announced on Thursday.
The announcement came after Vedanta Chairman Anil Agarwal met Chief Minister Mohan Charan Majhi in Bhubaneswar to present the company’s latest investment plan. Vedanta has already invested a similar amount in Odisha across its existing operations in aluminium, power, and mining.
According to the CMO, the new proposal includes:
- A ₹2,000 crore ultra-modern ferro-alloys plant in Keonjhar, and
- Two aluminium parks — one at Jharsuguda and another at a site to be finalised by the state government.
Chief Minister Majhi said the investment would be a “game-changer in Odisha’s journey towards becoming a $500-billion economy by 2036.”
Following the meeting, Agarwal told reporters that land acquisition is in progress, and construction work will begin within the next three to four months. The projects, expected to be completed in three to three-and-a-half years, will provide 30,000–40,000 direct jobs, with the rest created indirectly through ancillary and allied sectors, OdishaTV reported.
The fresh investment further consolidates Vedanta’s industrial footprint in Odisha, where it already operates major aluminium smelters and power plants.