Vedanta Group on Thursday unveiled a plan to invest an additional ₹1 lakh crore (about ₹1 trillion) in the Indian state of Odisha, the company and state officials said, in a move aimed at expanding its aluminium and downstream manufacturing footprint and creating substantial employment.
The investment package, disclosed during meetings between Vedanta executives and Odisha government officials, is slated to fund a cluster of projects that include a large alumina refinery, a multi-million-tonne aluminium smelter and associated aluminium parks, as well as a ferro-alloys plant.
Company and state statements said the roadmap contemplates greenfield capacity tied to renewable power and an industrial ecosystem intended to feed medium and small downstream units.
Officials accompanying the announcement said the new plan will be rolled out across multiple districts, with proposals that name Dhenkanal and Jharsuguda among likely locations for smelting and aluminium-park facilities and Keonjhar for ferro-alloys capacity.
State authorities have signaled support for land allotment and infrastructure facilitation as part of a broader effort to accelerate project clearances.
Vedanta and the Odisha government said the investment is expected to generate direct and indirect employment for more than 100,000 people, with company projections pointing to thousands of jobs during construction and tens of thousands once plants reach steady operations.
Vedanta also framed the effort as a continuation of an existing industrial push in the state: the group has previously invested heavily in Odisha over recent years and says the state remains its single largest investment destination in India.
The proposed projects are presented as part of a long-term strategy to build an integrated aluminium value chain in Odisha, from alumina production to primary aluminium and downstream fabrication, powered largely by renewable energy to reduce carbon intensity.
Company documents released at earlier industry events described plans for multi-million-tonne refineries and smelters accompanied by captive power and logistics investments.
Analysts say the commitment, if realized, would further cement Odisha’s role as an aluminium manufacturing hub and likely induce investments among suppliers and ancillary manufacturers.
However, observers also note that large metal projects require complex clearances, secure land and long lead times for construction and commissioning, and may attract scrutiny over environmental and community impacts.
Vedanta’s announcement comes amid a broader push by the Odisha government to attract heavy industry and downstream manufacturing, and it follows a series of clearances by the state’s High-Level Clearance Authority for multiple large projects.
Both parties said they would soon finalize memoranda and implementation timetables, while underlining commitments to local employment and supply-chain development.
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