Bhubaneswar: Vedanta Chairman Anil Agarwal met Odisha Chief Minister Mohan Charan Majhi, here on Saturday, and discussed about the progress on Vedanta’s proposed Rs. 1 lakh crore aluminium project in Odisha.
The discussions focused on accelerating execution milestones and strengthening industry- government collaboration. They also discussed bauxite security, with the government committing to provide local bauxite for Vedanta’s world-class alumina refinery in Lanjigarh (Kalahandi).
Vedanta’s proposed Rs. 1 lakh crore project, comprising a cutting-edge 30 lakh tonnes per annum aluminium smelter in Dhenkanal district and a 60 lakh tonnes per annum alumina refinery in Rayagada district, marks a transformational step in India’s industrial growth journey. In addition, the Dhenkanal plant will also supply high-quality hot metal to Vedanta’s downstream aluminium parks in Odisha, enhancing value addition and innovation in domestic manufacturing.
On completion, the investment will enhance Vedanta’s cumulative aluminium production capacity to 60 lakh tonnes per annum, enabling it to cater to India’s rapidly growing demand for the metal of the future.
Later speaking to media persons, Anil Agarwal said that Vedanta is considering giving equity to the displaced people of Dhenkanal project with buy back option.
During the discussion with CM , Anil Agrawal also proposed a brownfield expansion of 1 MTPA aluminimum smelter at Jharsuguda.
The Chief Minister said that the state government is keen on creating massive jobs opportunities for the youth. Considering the huge potential of these projects in job creation and local development, the state Government will provide all possible support to these investments in aluminium, the CM said.
The Vedanta chief the upcoming project is set to generate over 2 lakh direct and indirect fresh employment opportunities and trigger a multiplier effect across India’s logistics, infrastructure, engineering, and ancillary industries, generating over 20 lakh livelihood opportunities.
He also informed that Vedanta will establish a 1000 bedded hospital in Western Odisha.
