Odisha’s Chief Minister Mohan Majhi has approved several investment proposals aimed at significantly strengthening the state’s steel and aluminum industries.

Mar 28, 2025

Odisha’s Chief Minister Mohan Majhi, chairing the High-Level Clearance Authority (HLCA), has approved several investment proposals aimed at significantly strengthening the state’s steel and aluminum industries.

One of the most substantial investments comes from Vedanta Group, which will set up a modern aluminium park in Jharsuguda, Odisha, alongside a three million TPA aluminium plant in Rayagada district, with a total investment of INR 1 lakh crore.

Watch: Top Cable Companies in India

The steel sector is also witnessing major investments. JSW Steel Limited has announced an INR 35,000 crore investment for establishing a 5 million TPA integrated steel plant in Keonjhar district.

Additionally, OCL Iron and Steel Limited is set to expand its steel production capabilities by establishing a 1.2 million TPA integrated steel plant in Keonjhar with an investment of INR 3,000 crore. Further strengthening Odisha’s position as a steel hub, Shyam Steel Works Private Limited will invest INR 5,200 crore to set up a 1.5 million TPA integrated steel plant.

Also Read: Vedanta Invest INR 1 Lakh Crore for 3 Million TPA Aluminum Plant and Park in Odisha

These investments underscore Odisha’s growing prominence as a key player in India’s steel and aluminum industries, driving economic growth and employment opportunities in the state.