Mining conglomerate Vedanta will set up a Rs one lakh crore aluminium refinery and smelter in Raygada, Odisha.
The project will include a six million tonne per annum (MTPA) alumina refinery and a three MTPA green aluminium plant. Vedanta has secured the Sijimali bauxite mine in Raygada for raw material sourcing. The first phase is set to commence within the next three years.
The company has already invested over Rs one lakh crore in the state, operating a 1.8 MTPA smelter in Jharsuguda and a 3.5 MTPA alumina refinery in Lanjigarh. It also runs chrome and iron ore mines in Jajpur, Dhenkanal, and Sundargarh districts.