To give a new boost to Odisha’s industrial and economic growth, the Vedanta Group has announced an investment of ₹1 lakh crore in the state. Under this investment, a new aluminium plant with a capacity of 3 million tonnes will be set up. After a meeting with Chief Minister Naveen Patnaik at Lok Seva Bhawan today, Vedanta Group Chairman Anil Agarwal shared this information.

Speaking to the media, Agarwal said, “The Chief Minister has assured that land will be provided within a month. Once the land is allotted, project work will begin within 3 to 4 months. This project will generate employment for 30,000 to 40,000 people. The entire project is expected to be completed in about 3 to 3.5 years.”

Under this investment, Vedanta will invest ₹1 lakh crore in Odisha, creating over 1 lakh direct and indirect jobs. A world-class ferro-alloys plant will be established in Keonjhar district with an investment of ₹2,000 crore. Additionally, two new aluminium parks will be set up in the state — one near the Vedanta plant in Jharsuguda and another at a site to be provided by the state government.

Reiterating his commitment to establishing Vedanta University, Anil Agarwal said, “Many states are inviting us, but my heart is in Odisha. Around 7 lakh Indian students are studying abroad. We already have the land — all we need is the support of the people of Odisha. This ₹2 lakh crore project will give a new direction to education and innovation in the state. After reviewing the Supreme Court’s judgment, we will move forward with the establishment of the university in Odisha.”

The meeting was attended by the Chief Secretary, Additional Chief Secretary of the Industries Department, and senior officials from Vedanta.

On the occasion, Chief Minister Naveen Patnaik said, “The state government is committed to realizing the Prime Minister’s vision of a ‘Viksit Bharat’ (Developed India). With infrastructure development and capital investment from major industrial groups like Vedanta, Odisha is emerging as a global industrial and technology hub.”

He further added, “This investment will accelerate Odisha’s economic growth, create vast employment opportunities for youth, and empower citizens. This initiative will steer Odisha toward achieving its goal of becoming a $500 billion economy by 2036. Vedanta’s investment will be a true game-changer for the state’s future.”