Vedanta Aluminium Reaffirms its Commitment to Odisha on Utkal Divas
31st March 2026
- ₹1.8 lakh crore new investments in pipeline across Odisha
- ₹1 lakh crore invested to date; 5 lakh jobs generated since inception
- ₹9,000 crore contributed annually to the exchequer from Odisha Operations
- Operations contribute ~3% to Odisha’s Gross State Domestic Product (GSDP)
Bhubaneswar, Odisha; 31st March 2026: Vedanta Aluminium, India’s largest producer of aluminium, delivering 100% value addition within Odisha, reaffirmed its long-term commitment to the state on the occasion of Utkal Divas. With planned investments of ₹1.8 lakh crore in the pipeline and over ₹1 lakh crore already invested, the company has generated 5 lakh+ employment opportunities to date. Vedanta’s Odisha operations including aluminium, power, iron ore, and related businesses, contribute over ₹9,000 crore annually to the exchequer and account for approximately ~3% of the state’s GSDP.
The company operates fully integrated, world‑class aluminium assets in the state, spanning the entire value chain from bauxite to finished aluminium products. Jharsuguda is home to the world’s largest aluminium plant, with a capacity of 1.8 MTPA, while Lanjigarh houses a 5 MTPA alumina refinery, among the most strategically significant assets in the global aluminium supply chain.
Anchoring the next phase of this journey, Vedanta Aluminium is advancing a ₹1.8 lakh crore greenfield project in Odisha’s Dhenkanal and Rayagada district, envisioned as an integrated aluminium manufacturing ecosystem. The project includes a 3 MTPA aluminium smelter, a 4,900 MW power plant, a 6 MTPA alumina refinery, and a world-class downstream Aluminium Park, enabling seamless upstream and downstream integration. The proposed development is expected to create up to 50,000 jobs in its initial phase and over 2 lakh employment opportunities over time, while catalysing a robust ancillary ecosystem, positioning Odisha as a globally competitive aluminium hub.
Speaking on the occasion, Rajiv Kumar, CEO, Vedanta Aluminium, said, “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.”
Vedanta Aluminium’s sustained investments in Odisha have translated into large-scale economic participation, industrial deepening, and global market integration. The company supports more than 20,000 MSMEs and business partners, strengthening local entrepreneurship and ancillary ecosystems, while its targeted investments in underserved regions have contributed to Kalahandi’s recognition as an Aspirational District by NITI Aayog. At the same time, Vedanta Aluminium has firmly integrated Odisha into global trade networks, exporting aluminium products to more than 60 countries worldwide.
Beyond its industrial footprint, Vedanta Aluminium has invested over ₹500 crore in community development initiatives, positively impacting more than 10 lakh people across Odisha. Through focused, long-term interventions, the company has prioritised inclusive and sustainable development, strengthening livelihoods, building human capital, and preserving the state’s rich cultural heritage.
About Vedanta Limited:
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company’s flagship social impact program, Nand Ghars, have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programmes with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies have been featured in Dow Jones Sustainability Index, and was conferred Frost & Sullivan Sustainability Awards 2020, Golden Peacock Award for excellence in Corporate Governance 2022 and certified as a Great Place to Work 2022. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.
For more information, please visit www.vedantalimited.com
About Vedanta Aluminium Metal Limited Business:
Vedanta Aluminium Metal Limited, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.37 million tonnes in FY24. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium Metal Limited ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 world rankings for the aluminium industry, a reflection of its leading sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
For more information, please log on to www.vedantaaluminium.com
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Disclaimer:
This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional, and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
