Vedanta Group, a global multinational mining company, has proposed investment to the tune of ₹1,00,000 crore for developing downstream industries in Odisha.
Vedanta Chairman Anil Agarwal on Thursday (October 23, 2025) met Chief Minister Mohan Charan Majhi and discussed his group’s proposed industrial projects in the State. According to Chief Minister’s Office, the State government assured full support for these investments, including the provision of required land and other infrastructure facilities.
“The group proposed that an ultra-modern ferro-alloys plant will be established in Keonjhar to enhance Odisha’s standing in the global metal value chain. Vedanta will invest ₹2,000 crore in this project,” the CMO said in a statement.
Moreover, Vedanta would set up two new Aluminium Parks in Odisha. “One of these parks will be located near its aluminium plant at Jharsuguda, while another will come up at a site identified by the State Government,” it said.
These state-of-the-art parks will produce high-grade aluminium alloys suitable for use in aerospace, electric vehicles, and defence sectors. This will attract large-scale downstream investments and significantly boost the MSME sector in Odisha.
“State Government is committed to realizing the Prime Minister’s vision of Viksit Bharat. Through infrastructure development and industrial investments by companies like Vedanta, Odisha will achieve this goal,” said Mr. Majhi.
He further stated that such initiatives will not only accelerate economic growth but also create vast opportunities for the youth, empower people, and set the ground for Odisha to become a 500 billion dollar economy by 2036.
“This massive investment will be a game-changer for the bright future of Odisha,” the Chief Minister added.
Published – October 24, 2025 03:07 am IST
