Vedanta Ltd has signed a memorandum of understanding (MoU) worth Rs 1 lakh crore with the Government of Odisha to set up new aluminium production facilities in the state. The agreement was formalized at the Utkarsh Odisha Global Investment Conclave in Bhubaneswar in the presence of Odisha Chief Minister Mohan Charan Majhi and Vedanta Chairman Anil Agarwal.
As part of this collaboration, Vedanta plans to establish a 3 million ton per annum (MTPA) aluminium plant and an aluminium park, positioning Odisha as a key player in the global aluminium industry. These initiatives are expected to generate two lakh employment opportunities and promote growth in downstream sectors such as automotive, power, construction, and logistics.
Commenting on the development, Anil Agarwal, Chairman of Vedanta Ltd, stated, “Odisha has always been integral to Vedanta’s growth story, and its resources have played an indelible role in India’s rise. This MoU represents a significant step toward driving large-scale industrialization and socio-economic development in the state, and a reiteration of our commitment to its progress. We are proud to deepen our decades-long collaboration with the Government of Odisha, ensuring sustainable growth, skill development, and a better quality of life for millions in the state.”
Vedanta already operates major aluminium and ferrochrome facilities in Odisha, including the Jharsuguda aluminium smelter, the Lanjigarh alumina refinery, and FACOR at Bhadrak. The company also has a presence in mining activities across the state. Alongside industrial expansion, Vedanta has undertaken initiatives in education, healthcare, and skill development.
With global aluminium demand projected to double by 2030, this investment is expected to enhance Odisha’s role in the sector and contribute to India’s manufacturing ambitions.