Vedanta Aluminium has signed a Memorandum of Understanding (MoU) with two prominent manufacturing companies, Singhal Steel & Power Pvt. Ltd, part of the Singhal Group of Industries, and SCOT-AL Metcon Pvt. Ltd., associated with Scottish Chemical Industries and UAL Industries, to set up their downstream aluminium manufacturing facilities within the new Vedanta Aluminium Park in Jharsuguda.
The MoU signing ceremony took place in Bhubaneswar, attended by senior government officials, including Sampad Chandra Swain, Minister of State for Industries, Skill Development & Technical Education in Odisha, and Hemant Sharma, Additional Chief Secretary of the Department of Industries in Odisha.
The Vedanta Aluminium Park in Jharsuguda is envisioned as a dedicated world-class industrial ecosystem for downstream aluminium industries, aimed at promoting value addition and supporting the growth of MSMEs, while solidifying Odisha’s status as a global aluminium hub. This initiative is projected to enhance the state’s industrial competitiveness, attract investments exceeding INR 500 crores, and generate approximately 1,500 direct and indirect employment opportunities within the state.
During the event, Sampad Chandra Swain remarked, “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 anticipated to act as a catalyst for industrial diversification in the state by fostering an environment conducive to the efficient scaling of downstream enterprises. It aligns with the Government of Odisha’s broader vision of developing future-ready industrial infrastructure.
Hemant Sharma stated, “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.”
Rajiv Kumar, CEO of Vedanta Aluminium, expressed, “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.”
C Chandru, CEO of Vedanta Jharsuguda, added, “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, covering approximately 56 acres, marks a significant milestone in Odisha’s industrial growth journey, combining industrial capability and investment intent to unlock new opportunities across the aluminium value chain and contribute meaningfully to the state’s socio-economic development. The park is envisioned as a flagship downstream manufacturing hub that will assist industries in reducing logistics, energy consumption, and production time.
