Vedanta Group's Massive Investment: Transforming Odisha's Industrial Landscape

The Vedanta Group will invest an additional Rs 1 lakh crore in Odisha, creating significant employment. The investment includes a ferro-alloys plant in Keonjhar and two new aluminium parks. Vedanta Group Chairman Anil Agarwal discussed the proposal with Odisha's Chief Minister, who assured full support for these developments.

The Vedanta Group is set to inject an additional Rs 1 lakh crore into Odisha's economy, marking a significant boost to the state's industrial sector. This investment, expected to create over one lakh jobs, both directly and indirectly, was announced by officials on Thursday.

Key components of the investment plan include a Rs 2,000-crore ferro-alloys plant in Keonjhar and the establishment of two new aluminium parks—one in Jharsuguda and another at a site chosen by the state government. These projects underline Vedanta's commitment to enhancing its operations in Odisha.

The proposal was unveiled during a meeting between Vedanta Group Chairman Anil Agarwal and Odisha Chief Minister Mohan Charan Majhi. The Chief Minister's Office confirmed the state government's full support, promising necessary land and infrastructure to facilitate these investments.

(With inputs from agencies.)