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Vedanta to set up Rs 10,000 cr Aluminium Park in Odisha

Friday, 28 May 2021
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Vedanta plans to set up an aluminium park in Odisha at an investment of Rs 10,000 crore to facilitate companies that use the metal to set up their manufacturing units in the facility. 
 
The aluminium park is along the lines of major industrial towns in other parts of India. The project will generate additional livelihood for more than one lakh people and touch the lives of over four lakh.
 
The unit will benefit small and medium downstream enterprises which can set up their manufacturing units and draw hot metal from Vedanta’s aluminium smelter in Jharsuguda to make their end-products.
 
With an objective to develop SMEs and MSMEs in Jharsuguda, the company is committed to supplying three lakh tonne of molten aluminium (hot metal) to the downstream industries whowill set up their units in the proposed park. 
 
At present, discussions are underway with the state government to finalise the project. 
 
The state has surplus power since FY16, which it has been trying to sell. The company has urged the state to consider allowing this surplus power for use in the proposed aluminium park which would reduce the cost of production.
 
 
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