{"id":53970,"date":"2026-04-10T16:38:50","date_gmt":"2026-04-10T11:08:50","guid":{"rendered":"https:\/\/livemumbai.in\/index.php\/2026\/04\/10\/vedanta-aluminium-signs-strategic-mou-with-downstream-customers-for-aluminium-park-in-jharsuguda\/"},"modified":"2026-04-10T16:38:50","modified_gmt":"2026-04-10T11:08:50","slug":"vedanta-aluminium-signs-strategic-mou-with-downstream-customers-for-aluminium-park-in-jharsuguda","status":"publish","type":"post","link":"https:\/\/livemumbai.in\/index.php\/2026\/04\/10\/vedanta-aluminium-signs-strategic-mou-with-downstream-customers-for-aluminium-park-in-jharsuguda\/","title":{"rendered":"Vedanta Aluminium signs strategic MoU with downstream customers for Aluminium Park in Jharsuguda"},"content":{"rendered":"<p><em>Initiative to accelerate growth of downstream industries and boost employment<\/em><\/p>\n<p><strong>Bhubaneswar (Odisha) [India], April 10: <\/strong>Vedanta Aluminium, India\u2019s largest producer of aluminium, has signed a Memorandum of Understanding (MoU) with two leading manufacturing companies, Singhal Steel &amp; Power Pvt. Ltd (a unit of Singhal Group Of Industries) and SCOT-AL Metcon Pvt. Ltd. (an associate company of Scottish Chemical Industries and UAL Industries) for setting up their downstream aluminium manufacturing facilities within the upcoming Vedanta Aluminium Park in Jharsuguda, Odisha.<\/p>\n<p>The MoU signing ceremony was held in Bhubaneswar in the presence of senior government officials, including <strong>Shri Sampad Chandra Swain, Minister of State, Industries, Skill Development &amp; Technical Education, Odisha, Shri Hemant Sharma, Additional Chief Secretary, Department of Industries, Odisha<\/strong>.<\/p>\n<p>Envisaged as a dedicated world-class industrial ecosystem for downstream aluminium industries, the Vedanta Aluminium Park in Jharsuguda aims to promote value addition and support the growth of MSMEs while cementing Odisha\u2019s position as a global aluminium hub. The initiative is expected to further enhance the state\u2019s industrial competitiveness, attract fresh investments of over INR 500 crores, and create around 1,500 direct and indirect employment opportunities within the state.<\/p>\n<p>Speaking on the occasion, <strong>Shri Sampad Chandra Swain, Minister of State, Industries, Skill Development &amp; Technical Education<\/strong>, <strong>Odisha<\/strong> said, \u201cThis initiative reinforces Odisha\u2019s position as a leading industrial destination. The Vedanta Aluminium Park will accelerate investments, create large-scale employment and strengthen the state\u2019s manufacturing capabilities across sectors.\u201d<\/p>\n<p>The proposed Aluminium Park is expected to serve as a catalyst for industrial diversification in the state by creating an enabling environment for downstream enterprises to scale efficiently. It aligns with the Government of Odisha\u2019s broader vision of building future-ready industrial infrastructure. <strong>Shri Hemant Sharma, Additional Chief Secretary, Department of Industries<\/strong>, <strong>Odisha<\/strong> said, <em>\u201cThe Vedanta Aluminium Park is a critical step in deepening Odisha\u2019s industrial value chain. By combining infrastructure readiness with policy support, we are creating a platform that enables industries to scale efficiently and competitively.\u201d<\/em><\/p>\n<p><strong>Rajiv Kumar, CEO, Vedanta Aluminium<\/strong>, said, <em>\u201cThe Vedanta Aluminium Park reflects our commitment to moving beyond primary production towards value-added manufacturing. By enabling a strong downstream ecosystem, we aim to unlock new opportunities for industries, MSMEs and local entrepreneurs, while further strengthening Odisha\u2019s position in the global aluminium manufacturing landscape.\u201d<\/em><\/p>\n<p>Speaking on the initiative, <strong>C Chandru, CEO, Vedanta Jharsuguda <\/strong>said, <em>\u201cJharsuguda continues to be at the heart of Vedanta Aluminium\u2019s growth journey. The Vedanta Aluminium Park will not only strengthen the downstream ecosystem but also create sustainable livelihoods, foster entrepreneurship, and contribute to the development of the region. We are proud to partner with the Government of Odisha in building a globally competitive manufacturing hub.\u201d<\/em><\/p>\n<p>The Phase 1 development of the Vedanta Aluminium Park, spanning approximately 56 acres, marks an important milestone in Odisha\u2019s industrial growth journey, bringing together industrial capability and investment intent to unlock new opportunities across the aluminium value chain and contribute meaningfully to the state\u2019s socio-economic development. The park is envisioned as a flagship downstream manufacturing hub that will help industries reduce logistics, energy consumption, and production time.<\/p>\n<p><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Initiative to accelerate growth of downstream industries and boost employment Bhubaneswar (Odisha) [India], April 10: Vedanta Aluminium, India\u2019s largest producer of aluminium, has signed a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":53969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[],"class_list":["post-53970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-press-release"],"_links":{"self":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/53970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/comments?post=53970"}],"version-history":[{"count":0,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/53970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media\/53969"}],"wp:attachment":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media?parent=53970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/categories?post=53970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/tags?post=53970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}