Vedanta Group To Invest ₹1 Lkh Cr In Odisha, Announces New Ferro-Alloy Plant & Promises 1 Lkh Jobs

In a landmark announcement, Vedanta Group Chairman Anil Agarwal unveiled an additional ₹1 lakh crore investment in Odisha, expected to generate over one lakh direct and indirect jobs. The plan includes a ₹2,000-crore ferro-alloys plant in Keonjhar, and two new aluminium parks in Jharsuguda and Dhenkanal. The investment proposal was presented to Chief Minister Mohan Charan Majhi in Bhubaneswar, with the state government assuring full support for land and infrastructure. Vedanta’s facilities will produce high-grade aluminium alloys for aerospace, EV, and defence sectors, boosting the MSME ecosystem. CM Majhi hailed it as a “game-changer,” aiming to make Odisha a USD 500-billion economy by 2036.