During the celebration of Utkal Dibas on Wednesday, India’s top aluminium provider, Vedanta Aluminium, reaffirmed its long-term dedication to Odisha. The commitment has been shown by the firm in its ambitious plan, with an investment of INR 1.8 lakh crore (USD 21.7 billion) on the horizon and over INR 1 lakh crore (USD 12.0 billion) already put to work. The firm has also highlighted its efforts in creating more than 5 lakh job opportunities to date.

The firm operates in Odisha and its production includes aluminium, power generation, iron ore extraction, and other related businesses. Each year, this is deemed to contribute more than INR 9 thousand crore (USD 1.08 billion) to the state’s revenue and is also held responsible for approximately 3 per cent of the state’s Gross State Domestic Product (GSDP).

Within the state, the firm has been boosting a fully integrated, top-notch aluminium operation, an end-to-end value chain starting from Bauxite to finished goods. The world's largest aluminium plant is deemed to be located in Jharsuguda with a total capacity of 1.8 MTPA. Besides this, Lanjigarh is marked to have the largest alumina refinery with a capacity of 5 MTPA.

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As the next step, the firm is now advancing with an investment of INR 1.8 lakh crore (USD 21.7 billion) towards a greenfield project located in Odisha’s Dhenkanal and Rayagada districts. The project aims to create a fully integrated aluminium manufacturing ecosystem, which shall include a 3 MTPA aluminium smelter, a 4,900 MW power plant, a 6 MTPA alumina refinery and a top-tier downstream Aluminium Park.

The project is designed to ensure that the industry has a smooth integration from the upstream to the downstream processes. Upon achieving this project, in the initial phase, it is said to create nearly 50 thousand jobs and more than 2 lakh in the long run. This is possible by fostering a strong ancillary ecosystem and establishing Odisha as a competitive player in the global aluminium market.

Speaking on the occasion, Rajiv Kumar, CEO, Vedanta Aluminium, stated, “Aluminium is a critical metal for India’s future, with demand projected to rise nearly sixfold by FY2047. Odisha, with the country’s largest bauxite reserves, is naturally poised to anchor this growth. Our upcoming investments are transformative in strengthening India’s aluminium self-reliance, creating large-scale employment, energising local enterprises, and building a future-ready industrial ecosystem. We appreciate the proactive support of the Government of Odisha, and on Utkal Divas, reaffirm our commitment to making Odisha the aluminium capital of the world.”

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The current investment by the firm in the Odisha state enables economic engagement, deeper industrial development and a stronger connection with the global aluminium markets. How? The firm has been backing more than 20 thousand MSMEs and business partners, which has, over the years, nudged local entrepreneurship and supported the allied ecosystems.

The focused investments by the firm for the less developed areas, especially in Kalahandi, have been recognised as an Aspirational District by NITI Aayog for playing a vital role. Moreover, the firm has successfully woven Odisha into international trade networks, exporting aluminium products to more than 60 countries around the globe.

Beyond just the industrial presence, the firm has invested more than INR 500 crore (USD 60 million) for the projects covering community development, creating a positive difference for more than 10 lakh people throughout Odisha.

With a focus on long-term, impactful initiatives, the firm is dedicated to fostering inclusive and sustainable growth, enhancing livelihoods, building human capital and preserving the rich cultural heritage of the state.

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