Vedanta Announces $12 Billion Investment in Odisha, Aims to Create 200,000 Jobs
Mining major Vedanta Ltd announced on October 18 plans to invest ₹1 lakh crore (approximately $12 billion) in Odisha, marking the largest investment ever in the eastern state and creating 200,000 new jobs.
The investment will be directed towards establishing a 6-million-ton-per-annum alumina refinery and a 3-million-ton aluminum plant, with a focus on producing green aluminum powered by renewable energy, Vedanta revealed during the Make in Odisha Conclave 2025 roadshow, "Utkarsh Odisha."
"This will create a massive industrial complex for downstream industries, as there are more than a hundred applications for aluminum, which is used in the auto, power, construction, and railway sectors," Vedanta said in a statement.
The investment "will create opportunities for thousands of MSMEs. As aluminum is the metal of the future, demand for aluminum is likely to double by 2030," Vedanta added.
The company, part of UK-based Vedanta Resources, has been an investor in Odisha for the last two decades, with investments exceeding ₹1 lakh crore (around $12 billion), creating more than 100,000 jobs in the state. Vedanta has also acquired the Sijimali mines in the state through auctions, which contain one of the largest deposits of bauxite.
Commenting on the development, Vedanta's Chairman Anil Agarwal said, “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."
