Vedanta to Invest ₹1 Trillion in Odisha, Expanding Aluminium Operations and Creating 1 Lakh Jobs

Mining and metals giant Vedanta Group has announced a major ₹1 trillion investment in Odisha, marking a significant boost to the state’s industrial landscape. The move is expected to create over 100,000 direct and indirect employment opportunities, according to the Chief Minister’s Office (CMO).

The investment plan was presented by Vedanta Chairman Anil Agarwal to Chief Minister Mohan Charan Majhi in Bhubaneswar. It includes the establishment of a ₹2,000 crore ultra-modern ferro-alloys plant in Keonjhar and two new aluminium parks — one in Jharsuguda and another at a site identified by the state government.

“The scale of these investments will be a game-changer for Odisha’s journey toward becoming a $500-billion economy by 2036,” said Chief Minister Majhi.

Land acquisition for these projects is already underway, and construction work is expected to commence within the next three to four months. Vedanta officials have indicated that the projects will directly employ around 30,000–40,000 people and are slated for completion in three to three-and-a-half years.

This new investment further strengthens Vedanta’s presence in Odisha, where the company already operates large aluminium and power facilities. Last month, the Chief Minister laid the foundation stone for Vedanta’s Ferro Alloys Corporation (FACOR) ferrochrome plant in Bhadrak, signaling continued industrial expansion.

In addition, Vedanta aims to double its aluminium capacity in the state. Plans are in progress to acquire land for a 3 million tonnes per annum (MTPA) aluminium smelter in Dhenkanal, as part of the company’s strategy to increase production from 3 MTPA to 6 MTPA.

Experts say that Vedanta’s multi-crore investment is set to boost local employment, infrastructure development, and Odisha’s industrial competitiveness. The combination of aluminium parks and ferro-alloys facilities is expected to attract further private investments, reinforcing Odisha’s status as a leading industrial hub in India.

With work starting soon and a clear roadmap for completion, Vedanta’s ₹1 trillion investment underscores Odisha’s growing prominence in India’s metals and mining sector.