Metal and mining major Vedanta on Friday announced an investment of Rs 1 lakh crore in Odisha to set up an alumina refinery and an aluminium plant in the state. The Anil Agarwal-led group has already invested Rs 1 lakh crore across assets in the state.

Bhubaneswar: In a major boost to Odisha’s economic aspirations, Vedanta Limited on Friday has announced a Rs 1 lakh crore investment aimed at transforming the state’s industrial

The firm added that this would create a massive industrial complex for downstream industries, as aluminium has hundreds of applications in sectors such as automotive, power, construction, and railways

This massive investment will focus on producing green aluminium, powered by renewable energy, and is expected to create 2 lakh new jobs across the state.

The investment, the largest ever into Odisha, will be directed towards establishing a 6 million tons per annum alumina refinery and a 3 million tons aluminium plant, Vedanta said

Metal and mining major Vedanta on Friday announced an investment of Rs 1 lakh crore in Odisha to set up an alumina refinery and an aluminium plant in the state.