Vedanta Limited has announced a massive ₹1 lakh crore investment plan in Odisha to strengthen the state’s industrial base and green aluminium capabilities. The announcement was made during the Utkarsh Odisha roadshow ahead of the Make in Odisha Conclave 2025, reflecting Vedanta’s continued commitment to supporting large-scale industrialisation in eastern India.
As part of the new initiative, Vedanta will build a 6 MTPA alumina refinery and a 3 MTPA aluminium smelter, powered by renewable energy. The facilities will help develop a strong manufacturing ecosystem for the automotive, power, construction, and railways sectors.
The project aims to create 2 lakh new employment opportunities while strengthening local MSMEs and ancillary industries.
As per the press release, Vedanta Chairman Anil Agarwal highlighted the company’s long-standing association with Odisha and its role in the state’s economic transformation. “Odisha has always played an important role in Vedanta’s growth. Our investments reflect our commitment to the state’s inclusive growth and large-scale industrialisation,” he said.
Vedanta has already invested over ₹1 lakh crore in Odisha over 2 decades, generating more than 1 lakh jobs. Its recent acquisition of the Sijimali bauxite mines, one of India’s largest deposits, further strengthens its raw material security for upcoming projects.
The new facilities are expected to position Odisha as a global centre for aluminium production and downstream innovation. With the planned industrial complex in Rayagada, Vedanta’s green and sustainable manufacturing model will support India’s transition to cleaner energy and value-added exports.
Read More: Power Grid Secures ₹3,375 Crore Projects to Boost Transmission & Renewable Integration!
As of October 24, 2025, at 10:25 AM, Vedanta share price is trading at ₹498.25 per share, reflecting a gain of 3.10% from the previous closing price. Over the past month, the stock has gained by 11.10%.
Vedanta’s ₹1 lakh crore investment signals a strong boost for India’s manufacturing sector and underlines Odisha’s rise as a key player in the country’s industrial growth story.
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Published on: Oct 24, 2025, 12:03 PM IST
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