Bhubaneswar, July 29 (UNI) Vedanta Aluminium, India’s largest aluminium producer, is set to establish Rs.1.3 trillion greenfield aluminium smelter project in Odisha’s Dhenkanal district, marking the largest manufacturing investment of Q1 FY26, according to data from the Centre for Monitoring Indian Economy (CMIE).
As part of the project, Vedanta will set up a 3 million tonnes per annum (MTPA) aluminium smelter and a 4,900 MW captive power plant near Kamakhyanagar. Upon completion, it is expected to be one of the largest aluminium smelters in the world.
The project is projected to generate over 2 lakh jobs and provide a significant boost to the regional economy by spurring the development of auxiliary industries, logistics, and infrastructure.
In Q1 FY26, private sector investments stood at Rs.3.5 trillion, with the manufacturing sector accounting for more than half of all new project announcements. Vedanta’s investment emerged as the single-largest commitment during the quarter.
This strategic initiative reflects Vedanta’s long-term vision to establish India as a global manufacturing hub and solidify Odisha’s position as the aluminium capital of the world.
“The greenfield aluminium smelter in Odisha will not only reinforce India’s position as a global aluminium powerhouse but also catalyse regional development through employment generation, industrial innovation, and sustainable value chains,” said Rajiv Kumar, CEO of Vedanta Aluminium.
He added, “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.”
The Dhenkanal smelter is expected to play a pivotal role in meeting growing domestic and global demand for high-quality aluminium—especially from sectors such as electric mobility, renewable energy, infrastructure, and defence.
Aligned with Vedanta’s sustainability goals of achieving Net Zero Carbon status by 2050 or earlier, the new facility will adopt advanced technologies to enhance energy efficiency and reduce emissions—further reinforcing its commitment to responsible manufacturing and green metal production.
