Vedanta Aluminium signs MoU for Aluminium Park in Jharsuguda
Vedanta Aluminium, India’s largest producer of aluminium, has signed a 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 their downstream aluminium manufacturing facilities within the upcoming Vedanta Aluminium Park in Jharsuguda, Odisha.
According to a Press release, the MoU signing ceremony was held in Bhubaneswar in the presence of senior Government officials, including Sampad Chandra Swain, Minister of State, Industries, Skill Development & Technical Education, Odisha and Hemant Sharma, Additional Chief Secretary, Department of Industries, Odisha.
Envisaged as a dedicated world-class industrial ecosystem for downstream aluminium industries, the Vedanta Aluminium Park in Jharsuguda aims to promote value addition and support the growth of MSMEs while cementing Odisha’s position as a global aluminium hub. The initiative is expected to further enhance the state’s industrial competitiveness, attract fresh investments of over INR 500 crores, and create around 1,500 direct and indirect employment opportunities within the State.
Speaking on the occasion, 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,” he said.
The proposed Aluminium Park is expected to serve as a catalyst for industrial diversification in the State by creating an enabling environment for downstream enterprises to scale efficiently. It aligns with the Government of Odisha’s broader vision of building future-ready industrial infrastructure.
On the occasion, Sharma said, Vedanta Aluminium Park is a critical step in deepening Odisha’s industrial value chain. While Rajiv Kumar, CEO, Vedanta Aluminium, said Vedanta Aluminium Park reflects our commitment to moving beyond primary production towards value-added manufacturing.
