Vedanta plans to invest Rs. 1 trillion in various projects across Odisha.
The company stated that this would lead to the development of a large industrial complex for downstream industries. Aluminum is utilized in numerous sectors such as automotive, power, construction, and railways, with hundreds of applications.
Arpit Pattnaik
India-listed Vedanta Ltd announced on Friday that it plans to invest Rs 1 trillion in various projects in Odisha. The investment will be focused on building an alumina refinery and an aluminium plant in the state.
During a meeting with Odisha's chief minister, Mohan Charan Majhi, Anil Agarwal, the chairman of Vedanta Group, shared the company's plans to invest in a six million tonnes per annum (MTPA) alumina refinery and a three million tonnes aluminium plant. The company aims to produce green aluminium powered by renewable energy.
Vedanta highlighted that this investment will lead to the creation of a large industrial complex for downstream industries, as aluminium has numerous applications in sectors such as automotive, power, construction, and railways.
Anil Agarwal also expressed, “Odisha has always played an important role in Vedanta’s growth. Our investments reflect our commitment to the state's inclusive growth and driving large-scale industrialization. This announcement not only reaffirms Vedanta’s position as a key partner in Odisha’s development but also strengthens the state’s potential to become a global hub for aluminium and industrial innovation.”
