Vedanta To Invest Rs 1 Lakh Crore In Odisha; Promises New Jobs Opportunities In State

In a major boost to Odisha’s industrial landscape, Vedanta Group has announced plans to invest nearly Rs 1 lakh crore in the state. The initiative, one of the company’s largest expansions, is expected to generate around one lakh jobs—both directly and indirectly — across multiple sectors.

Vedanta Group Chairman Anil Agarwal met Chief Minister Mohan Charan Majhi at the Lok Seva Bhawan in Bhubaneswar on Wednesday in view of the company’s new investment strategy. The CM assured full government support, including fast-tracking land allocation and infrastructure assistance for the upcoming projects, after the meeting.

Massive Expansion Across Sectors

As part of its latest industrial push, Vedanta will establish a Ferro-Alloy plant in Keonjhar, backed

by an investment of Rs 2,000 crore. The facility is aimed at strengthening Odisha’s position in the global metal value chain.

Vedanta has revealed intentions to establish two additional aluminium parks in Odisha within the framework of its extensive investment strategy. One of these will be built near its current aluminium plant in Jharsuguda, while the other will be established at a site to be determined by the state government. The facilities will generate premium aluminium alloys for sectors like aerospace, electric vehicles, and defence that demand sophisticated materials and exact manufacturing.

Officials indicated that the new facilities are anticipated to draw downstream industries and promote MSME development by providing local entrepreneurs with access to new business opportunities in the growing industrial network

CM Mohan Hails Vedanta

Chief Minister Mohan Charan Majhi hailed Vedanta’s announcement as a significant achievement for Odisha’s industrial progress. He stated that the state is “poised to become a worldwide center for industry and technology” and highlighted that this initiative aligns with the Prime Minister’s vision of a prosperous India.

Describing Vedanta’s investment as a “game-changer,” the Chief Minister emphasised that it would result in lasting economic growth, enhanced infrastructure, and extensive job creation in several districts

Vedanta Chairman Anil Agarwal expressed confidence in Odisha’s potential, saying the state offers a strong foundation for industrial growth. He noted that Vedanta’s continued investments would strengthen India’s manufacturing base while creating sustainable livelihood opportunities for thousands of families.