Odisha Clears ₹1.28-Lakh-Crore Vedanta Aluminium Project

Published: Jun 18, 2025 00:29

Save

[Odisha Clears ₹1.28-Lakh-Crore Vedanta Aluminium Project]

On 16 June 2025, Odisha’s High-Level Clearance Authority approved eight large-scale investments totalling ₹1.51 trn. The flagship proposal is Vedanta Ltd’s ₹1.28 trn plan for a 3 Mt / yr aluminium smelter and a 4,900 MW captive power plant in Dhenkanal, forecast to create 30,000 jobs and significantly expand India’s primary-aluminium supply.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

【SMM Aluminum Flash News】Hydro Reports Q1 2026 EBITDA of NOK 8.668B, Down from Last Year but Profitability Strong

According to Hydro's official website, Hydro's adjusted EBITDA for the first quarter of 2026 was NOK 8.668 billion, lower than NOK 9.516 billion in the same period last year. This was mainly due to lower raw material costs, higher metal prices, and increased sales of alumina and metals, but this was partially offset by lower alumina prices, a stronger NOK, and lower electricity generation. Hydro's profitability was strong this quarter, with adjusted earnings per share increasing to NOK 2.07 in the first quarter of 2026, compared to NOK 1.63 in the first quarter of 2025. The upstream business segment continued to operate strongly in the first quarter.

3 hours ago

【SMM Aluminum Flash News】Hesheng Co. Reports 20.34% Revenue Growth, 92.47% Net Profit Surge in 2025 Annual Report

Hesheng Co., Ltd. disclosed its 2025 annual report on April 29. In 2025, the company achieved total operating revenue of 4.011 billion yuan, a year-on-year increase of 20.34%; net profit attributable to the parent company was 155 million yuan, a year-on-year increase of 92.47%.

3 hours ago

【SMM Aluminum Flash News】Jiaozuo Wanfang Reports 18.49% Revenue Growth, Net Profit Surges 216.46% in Q1 2026

Jiaozuo Wanfang announced that its operating revenue for the first quarter of 2026 was 1.757 billion yuan, a year-on-year increase of 18.49%. Net profit was 511 million yuan, a year-on-year increase of 216.46%.

3 hours ago