Bhubaneswar: Vedanta Group Chairman Shri Anil Agarwal met Chief Minister Shri Mohan Charan Majhi at Lok Seva Bhawan today to discuss new industrial projects, revealing plans for a massive capital investment of around ₹1 lakh crore in Odisha.
This investment is expected to generate over 1 lakh direct and indirect employment opportunities across the state. The State Government assured full support, including the provision of required land and other infrastructure facilities.
A key outcome of the discussions was the plan to establish an ultra-modern Ferro-Alloys Plant in Keonjhar with an investment of ₹2,000 crore, aiming to enhance Odisha’s standing in the global metal value chain.
Additionally, Vedanta will set up two new Aluminium Parks. One park will be near its Aluminium Plant at Jharsuguda, and the other will be at a site identified by the State Government.
These parks will produce high-grade aluminium alloys for sectors such as aerospace, electric vehicles, and defence, which is expected to attract large-scale downstream investments and significantly boost the MSME sector in Odisha.
Chief Minister Shri Majhi stated that the State Government is committed to realizing the Hon’ble Prime Minister’s vision of “Viksit Bharat.” He expressed confidence that through infrastructure development and industrial investments by companies like Vedanta, Odisha will achieve this goal.
He added that the state is now poised to emerge as a global hub for industry and technology, with these initiatives set to accelerate economic growth, create vast opportunities for the youth, empower people, and help Odisha become a $500 billion economy by 2036. The Chief Minister called the investment a “game-changer for the bright future of Odisha.”
Shri Anil Agarwal, Chairman of Vedanta Group, thanked the Chief Minister and the State Government for their continuous support to Vedanta’s industrial projects in Odisha.
Chief Secretary Shri Manoj Ahuja, Additional Chief Secretary, Industries & I&PR, Shri Hemant Sharma, Additional Chief Secretary, Steel & Mines, Shri Surendra Kumar, and Principal Secretary to Chief Minister Shri Saswat Mishra, among others, were present at the meeting.