Vedanta to invest another Rs 25,000 crore in Odisha

by: Sayantan Barua

Vedanta to invest another Rs 25,000 crore in Odisha

Vedanta to invest another Rs 25,000 crore in Odisha

by: Sayantan Barua

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TW Newsdesk, September 16: Vedanta Resources, which holds the single largest investment of Rs 80,000 crore in Odisha, stated that it plans to pump in another Rs 25,000 crore for expansion of its aluminum, ferrochrome, and mining businesses in the state. With this quantum of investment, it is contributing around 4 percent to Odisha’s state GDP through its operations (direct and indirect), a company statement stated.

Odisha chief minister Naveen Patnaik held a meeting with Vedanta Resources chairman Anil Agarwal in Mumbai on the sidelines of the ‘Make in Odisha – 2022’ roadshow. Quoting Agarwal, the statement stated the company has created more than five lakh livelihood opportunities and fostered hundreds of MSMEs in the state.

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