Bhubaneswar: Vedanta is in the process of acquiring land in Odisha’s Dhenkanal as part of its broader strategy of capacity expansion.
The mining giant is planning to set up a 3 million tonnes per annum (MTPA) aluminium smelter along with a 4,900 MW captive power plant (CPP) at an investment of Rs 1.28 lakh crore, which the high-level clearance authority (HLCA), chaired by Chief Minister Mohan Charan Majhi, approved in June this year. The project is expected to further strengthen Odisha’s position as a global aluminium hub.
Currently, Vedanta’s total aluminium capacity stands at 3 million tonnes.
“We want to go to six million tonnes, for which we are actively involved in land acquisition, and hopefully things are progressing very well,” Vedanta’s Aluminium business Chief Executive Officer Rajiv Kumar told PTI on the sidelines of ALUMEX India 2025, organised by the Aluminium Extrusion Manufacturers Association of India (ALEMAI) in the national capital during September 10-13.
This green aluminium smelter, he added, has the potential to create over two lakh jobs. “Aluminium is very heavy on investment and is a capital-intensive industry…it is progressing and any facility like this will take three to four years,” he said when asked about the investment to be made in the said plant.
Kumar further stated that the company is also planning to establish an aluminium park in Jharsuguda and is inviting downstream players to set up their manufacturing units at this park.