The Adani Group has pledged Rs 2.3 lakh crore investment in Odisha over the next five years, marking the largest investment commitment in the state. This announcement was made at the Utkarsh Odisha Conclave 2025, where, Managing Director of Adani Ports and SEZ (APSEZ) Karan Adani met Chief Minister Mohan Charan Majhi and exchanged the MoU.

The investment covers diverse sectors, including power, cement, aluminium, industrial parks, and city gas expansion. Among the key projects include the setting up an aluminium refinery and smelter in Odisha, utilising the Ballada bauxite mine in Koraput, and a renewable energy unit in Cuttack. The company also plans to establish cement plants in Malkangiri and Cuttack, along with the expansion of the Dhamra and Gopalpur ports.

Adani Group aims to develop the Dhamra industrial park and is planning further investments in various other sectors.

On the first day of the mega investment summit, Adani Total Gas (ATGL) launched six projects, including CNG stations in Balasore and Rairangpur, and an EV charging station at Bhubaneswar airport, part of a larger plan to set up 250 such stations across the state within three years. Additionally, the city gate station at Chandbali will provide city gas services to Bhadrak, Balasore, and Mayurbhanj districts. ATGL also intends to invest Rs 100 crore in establishing LNG refilling stations in Angul, Jharsuguda, and Chandikhol.