Odisha CM Shri Mohan Charan Majhi and Vedanta Chairman Shri Anil Agarwal Unveil Transformative Initiatives for Odisha’s Growth
23rd October 2025
They also discussed their vision for achieving the Hon’ble PM’s goal of Viksit Odisha for Viksit Bharat
Bhubaneswar, October 23, 2025: In a significant meeting today, Hon’ble Chief Minister of Odisha Shri Mohan Charan Majhi and Vedanta Group Chairman Shri Anil Agarwal came together to discuss a transformative investment roadmap that is set to accelerate Odisha’s industrial and socio-economic development. During their meeting, the following matters were discussed:
- Vedanta’s commitment to invest over INR 1 lakh crore in Odisha, which is set to generate over 1 lakh direct and indirect jobs. The state government reiterated its commitment to providing land at the earliest to help commence the mega greenfield projects planned under this initiative.
- INR 2000 crore investment for an advanced ferro alloys plant in Keonjhar: The facility will significantly enhance Odisha’s position in the global metals value chain and contribute to India’s self-reliance in critical minerals and alloys essential to its growth.
- New Aluminium Parks in the vicinity of its existing and upcoming plants: Strengthening Odisha’s position as a global aluminium hub, Vedanta will set up a new Aluminium Park in Jharsuguda, in addition to a separate new site to be provided by the state government. The two parks will focus on the production of cutting-edge aluminium alloys for sectors such as aerospace, electric vehicles, and defence. They will also help attract downstream investments, enabling growth for numerous MSMEs.
Hon’ble Chief Minister Shri Mohan Charan Majhi said, “This massive investment will be a game-changer for the bright future of Odisha.” He further stated that such initiatives will not only accelerate economic growth but also create vast opportunities for the youth, empower people, and set the ground for Odisha to become a $500 billion economy by 2036.
Speaking at the meeting, Shri Anil Agarwal, Chairman, Vedanta Group, said: “I congratulate Chief Minister Shri Mohan Charan Majhi for creating an investment-friendly environment in the state, further strengthened by the double-engine growth model with the same visionary leadership at both the State and Centre. We are proud to be a long-term partner in Odisha’s growth story and are deeply committed to the state’s all-round development. I encourage young students, startup founders and budding entrepreneurs of Odisha to come and invest in developing innovative applications of aluminium at our industrial parks. Vedanta will facilitate access to land, infrastructure, power and raw materials on a not-for-profit basis. Through this effort, we will take forward our Hon’ble PM’s vision of ensuring Sabka Saath, Sabka Vikaas.”
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 Business:
Vedanta Aluminium, 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 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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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.
