In a major push to Odisha’s industrial landscape, Vedanta Ltd. has announced a Rs 1 trillion investment to set up a state-of-the-art aluminium park in Jharsuguda and a 3 MTPA aluminium plant in Rayagada district.

Spread across 253 acres, the proposed Jharsuguda Aluminium Park will accommodate over 100 MSMEs and is expected to generate 2 lakh employment opportunities, according to the company’s statement. The park aims to catalyse downstream industries and attract aluminium-reliant manufacturing units.

Sunil Gupta, COO of Vedanta Aluminium, underscored the company’s focus on women empowerment, skill development, and environmental sustainability in Odisha. “Our Rs 1 trillion investment reflects our deep confidence in Odisha’s potential to lead India’s industrial revolution,” he noted.

The announcement comes on the heels of a Memorandum of Understanding (MoU) signed with the Odisha Government during the ‘Utkarsh Odisha-Make in Odisha Conclave’ in January 2025.

Vedanta currently operates a 1.8 MTPA aluminium smelter in Jharsuguda, a 3.5 MTPA alumina refinery in Lanjigarh, and several mining projects across the state. The new investment is expected to further Odisha’s emergence as India’s aluminium capital, fuel industrial growth, and open vast employment avenues.