THEBUSINESSBYTES BUREAU

BHUBANESWAR, APRIL 10, 2026

In a significant boost to Odisha’s industrial growth trajectory, Vedanta Aluminium, India’s largest producer of aluminium, has signed a strategic Memorandum of Understanding (MoU) with two leading manufacturing companies, Singhal Steel & Power Pvt. Ltd (a unit of Singhal Group of Industries) and SCOT-AL Metcon Pvt. Ltd. (an associate company of Scottish Chemical Industries and UAL Industries), for setting up downstream aluminium manufacturing facilities at the upcoming Vedanta Aluminium Park in Jharsuguda.

The MoU signing ceremony was held in Bhubaneswar in the presence of senior government officials, including Shri Sampad Chandra Swain, Minister of State, Industries, Skill Development & Technical Education, Odisha, and Shri Hemant Sharma, Additional Chief Secretary, Department of Industries, Odisha, underscoring the importance of public-private collaboration in accelerating industrial development in the state.

Envisioned as a world-class industrial ecosystem dedicated to downstream aluminium industries, the Vedanta Aluminium Park in Jharsuguda is aimed at enhancing value addition within the aluminium sector and supporting the growth of MSMEs. The initiative is expected to strengthen Odisha’s emergence as a global aluminium hub by attracting fresh investments of over INR 500 crores and generating around 1,500 direct and indirect employment opportunities, thereby contributing significantly to the state’s economic expansion.

Speaking on the occasion, Minister Sampad Chandra Swain said, “This initiative reinforces Odisha’s position as a leading industrial destination. The Vedanta Aluminium Park will accelerate investments, create large-scale employment and strengthen the state’s manufacturing capabilities across sectors.”

The proposed Aluminium Park is expected to act as a catalyst for industrial diversification by providing an enabling environment for downstream enterprises to scale efficiently, improve productivity, and enhance competitiveness. The initiative aligns closely with the Government of Odisha’s broader vision of building future-ready industrial infrastructure that supports innovation-led growth and sustainable manufacturing.

Highlighting the significance of the initiative, Hemant Sharma, Additional Chief Secretary, Department of Industries, Odisha said, “The Vedanta Aluminium Park is a critical step in deepening Odisha’s industrial value chain. By combining infrastructure readiness with policy support, we are creating a platform that enables industries to scale efficiently and competitively.”

Vedanta Aluminium CEO Rajiv Kumar said, “The Vedanta Aluminium Park reflects our commitment to moving beyond primary production towards value-added manufacturing. By enabling a strong downstream ecosystem, we aim to unlock new opportunities for industries, MSMEs and local entrepreneurs, while further strengthening Odisha’s position in the global aluminium manufacturing landscape.”

Reinforcing the importance of Jharsuguda in the company’s growth roadmap, C Chandru, CEO, Vedanta Jharsuguda said, “Jharsuguda continues to be at the heart of Vedanta Aluminium’s growth journey. The Vedanta Aluminium Park will not only strengthen the downstream ecosystem but also create sustainable livelihoods, foster entrepreneurship, and contribute to the development of the region. We are proud to partner with the Government of Odisha in building a globally competitive manufacturing hub.”

The Phase 1 development of the Vedanta Aluminium Park, spanning approximately 56 acres, marks a major milestone in Odisha’s industrial journey. The project is expected to unlock new opportunities across the aluminium value chain by bringing together industrial capability and investment intent, while enabling companies to reduce logistics costs, optimise energy usage, and improve production efficiency. As a flagship downstream manufacturing hub, the Aluminium Park is poised to contribute meaningfully to the socio-economic development of the state and reinforce Odisha’s standing as a preferred destination for global manufacturing investments.