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.

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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.

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.