Indian conglomerate Vedanta plans to set up US$ 15.42B aluminium smelter in Odisha

Mining conglomerate Vedanta Aluminium has embarked on a significant project worth INR 1,28 lakh crore (US$ 15.42 billion) to boost Odisha's economy. As per reports, the company plans to set up a 3 million tonnes per annum (MTPA) aluminium smelter along with a 4,900 MW captive power plant in Dhenkanal.

This landmark project alone is expected to create around 30,000 jobs, further solidifying Odisha's standing as a global aluminium powerhouse. Seven other transformative industrial projects worth INR 1,51,239.50 crore(US$ 17.58 billion) in other sectors  like chemicals, steel, textiles, and metal-based downstream industries, have been approved by the High-Level Clearance Authority (HLCA).

These developments, spanning six districts, Dhenkanal, Ganjam, Jajpur, Keonjhar, Khordha, and Sambalpur, are poised to generate over 60,200 employment opportunities across the state and are expected to serve as a major boost to Odisha's economy.

The chemicals sector is set to witness a major boost, with SRF Ltd proposing to establish a speciality chemical and refrigerant manufacturing unit in Ganjam. With an annual capacity of 2 lakh metric tonnes, the project involves an investment of INR 10,000 crore and is expected to create 20,000 jobs.

Developments in other sectors

• In the steel and metal downstream segment, Jindal India Steel Tech Ltd will invest INR 3,600 crore to set up a 1.26 MTPA speciality steel processing facility in Dhenkanal, generating employment for 2,000 people.
• Shyam Steel Manufacturing Ltd plans to develop a 0.53 MTPA integrated steel plant, including a ductile iron (DI) pipe unit and a 46 MW captive power plant in Keonjhar. This INR 2,490 crore project is anticipated to create 2,370 jobs.
• Linde India Ltd will invest INR 1,303.50 crore to establish a state-of-the-art air separation unit in Jajpur, providing high-quality industrial gases and employment for 100 individuals.
• In the ancillary metal sector, Star Metal Works Pvt Ltd will invest INR 2,291 crore to establish a narrow hot strip mill, along with cold rolling and plate cum Steckle mill facilities in Sambalpur. This project is expected to generate 250 jobs.
• Supreme Metals Export Pvt Ltd plans to set up a 1.2 MTPA rolling mill for TMT bars and wire rods in Keonjhar, with an investment of INR 1,500 crore and the potential to create 680 jobs.
• Sportking India Ltd will invest INR 2,055 crore in the textiles sector to set up a cotton and blended yarn manufacturing unit in Khordha, with an annual capacity of 62,000 metric tonnes.

These approvals, granted during the 41st meeting of the High-Level Clearance Authority (HLCA), underscore Odisha's robust commitment to industrial expansion, employment generation, and inclusive economic development. With focused governance and swift decision-making, the state remains a prime destination for large-scale investments across critical sectors.

Also Read: Vedanta’s 1 lakh crore dream project of alumina refinery and aluminium smelter coming up in phases