Vedanta signs MoU worth Rs 1 Lakh Crore with Govt of Odisha at Utkarsh Odisha
The MoU was signed in the presence of Shri Mohan Charan Majhi, Hon’ble Chief Minister of Odisha, and Shri Anil Agarwal, Chairman, of Vedanta Limited.
Vedanta signs MoU worth Rs 1 Lakh Crore with Govt of Odisha at Utkarsh Odisha
Vedanta Limited, a global leader in natural resources and technology, and a committed partner in Odisha’s progress for more than two decades, signed a memorandum of understanding (MoU) worth Rs. 1 lakh crore with the Government of Odisha, on the opening day of Utkarsh Odisha, the state’s global investment conclave organized in Bhubaneswar.
The MoU was signed in the presence of Shri Mohan Charan Majhi, Hon’ble Chief Minister of Odisha, and Shri Anil Agarwal, Chairman, of Vedanta Limited. This transformative commitment aims to accelerate Odisha’s industrial growth by establishing world-class aluminum production facilities and promoting sustainable development across the state.
The collaboration includes the development of a 3 million tonnes per annum (MTPA) aluminum plant and an aluminum park that is poised to emerge as a major hub for downstream producers of aluminum products.
Together, the announced initiatives will not only further cement Odisha’s crucial role in the global aluminum value chain, but will also generate 2 lakh employment opportunities and foster MSME growth across sectors like automotive, power, construction, and logistics.
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Shri Anil Agarwal, Chairman, Vedanta Limited, remarked, “Odisha has always been integral to Vedanta’s growth story, and its resources have played an indelible role in India’s rise. This MoU represents a significant step toward driving large-scale industrialization and socio-economic development in the state, and a reiteration of our commitment to its progress. We are proud to deepen our decades-long collaboration with the Government of Odisha, ensuring sustainable growth, skill development, and a better quality of life for millions in the state.”
As the global demand for aluminum is expected to double by 2030, this MoU strengthens Odisha’s position as an industrial and economic powerhouse, contributing significantly to India’s vision of becoming a global manufacturing leader while reaffirming Vedanta’s role as a catalyst in Odisha’s transformation and India’s industrial evolution.
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