Bhubaneswar: Vedanta Aluminium, a unit of Vedanta Limited, has emerged as a top investor in Q1FY26 with its Rs 1.3 trillion greenfield aluminium smelter project near Kamakhyanagar in Odisha’s Dhenkanal, according to the Centre for Monitoring Indian Economy (CMIE).
In a statement, Vedanta Aluminium said, the project, which includes a 3 million tonnes per annum (MTPA) aluminium smelter along with a 4,900 MW captive power plant (CPP), is set to further strengthen Odisha’s position as a global aluminium hub. It also reflects Vedanta’s long-term vision to position India as a global hub for manufacturing.
This project, which is expected to meet soaring demand for high-quality aluminium in electric mobility, renewable energy, infrastructure and defence, is likely to generate over 2 lakh jobs.
“The greenfield aluminium smelter in Odisha will not only reinforce India’s position as a global aluminium powerhouse but also catalyse regional development through jobs, industrial innovation, and sustainable value chains. At a time when manufacturing-led investments are emerging as the backbone of India’s economic resurgence, it is a proud moment for us to lead one of the largest industrial commitments of this decade. We are honoured to contribute meaningfully to Odisha’s transformation and to India’s journey towards becoming a global manufacturing and green metals hub,” said Vedanta Aluminium CEO Rajiv Kumar.
Notably, the high-level clearance authority (HLCA), chaired by Chief Minister Mohan Charan Majhi approved this Rs 1.28 lakh crore investment plan of the mining giant in June.
