Bhubaneswar,swa news : Vedanta Aluminium, India’s largest producer of aluminium, takes top spot as the biggest manufacturing investment of Q1-FY26 with its ₹1.3 trillion greenfield aluminium smelter project in Odisha. As part of the project, the company will set up a 3 million tonnes per annum (MTPA) aluminium smelter and a 4,900 MW captive power plant near Kamakhyanagarin Odisha’s Dhenkanal district.The project will create over 2 lakh jobs and provide a major economic thrust to the region through auxiliary industries, logistics, and infrastructure upgrades. In Q1-FY26, private sector investments totalled ₹3.5 trillion, with manufacturing emerging as the dominant driver,accounting for over half of all new project announcements. This includes Vedanta’s landmark investment, the highest in the quarter,according to Centre for Monitoring Indian Economy (CMIE) data.
This landmark commitment reflects Vedanta’s long-term vision to position India as a global hub for manufacturing, having also made Odisha the Aluminium capital of the world. The project, which is set to be among the largest aluminium smelters in the world upon completion, reflects Vedanta’s continued confidence in India’s resource-rich ecosystem, and the country’s global competitiveness in the industrial metals sector. A smelter such as this, has a multiplier effect, spawning downstream industrieswhile creating opportunities for thousands of MSMEs, accelerating infrastructure development, and strengthening local supply chains. Vedanta’s Dhenkanal Aluminium Smelter is set to generate over 2 lakh jobs and unlock opportunities for thousands of MSMEs, powering key sectors like automotive, power, construction, and railways.
At a time when global headwinds are tempering economic optimism, India’s manufacturing sector is emerging as the engine of long-term growth and industrial resilience. Private sector-led capital expenditure, now the dominant force in new project announcements, signals a structural shift in confidence, with manufacturers making bold, future-focused investments. Manufacturing-led capex not only drives GDP and export potential but also generates large-scale employment, strengthens local ecosystems, and seeds critical infrastructure. It is this kind of strategic, value-creating investment that will define India’s ascent as a global industrial and economic powerhouse.
Commenting on the significance of this project, Rajiv Kumar, CEO, Vedanta Aluminium, said, “The greenfield aluminium smelter in Odisha will not only reinforce India’s position as a global aluminium powerhouse but also catalyse regional development through jobs, industrial innovation, and sustainable value chains. At a time when manufacturing-led investments are emerging as the backbone of India’s economic resurgence, it is a proud moment for us to lead one of the largest industrial commitments of this decade. We are honoured to contribute meaningfully to Odisha’s transformation and to India’s journey towards becoming a global manufacturing and green metals hub.”
The smelter in Dhenkanal is expected to play a pivotal role in meeting the growing domestic and international demand for high-quality aluminium, driven by sectors such as electric mobility, renewable energy, infrastructure, and defence. Aligned with the company’s sustainability goals, focussing on achieving Net Zero Carbon status by 2050 or sooner, the new facility will integrate advanced technologies to optimise energy use and reduce emissions, reinforcing the company’s commitment to responsible manufacturing.
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