By Bizodisha Bureau, Bhubaneswar, July 31 2025: The Centre for Monitoring Indian Economy (CMIE) has said that Vedanta Aluminium has emerged as one of India’s most significant private sector investors in the first quarter of fiscal year 2026, with its massive ₹1.3 trillion greenfield aluminium smelter project in Odisha’s Dhenkanal district.

This undertaking has emerged as the leading contributor to the quarter’s investment landscape.

In a recent statement, Vedanta Aluminium revealed that the ambitious project, situated near Kamakhyanagar, will feature a 3 million tonnes per annum (MTPA) aluminium smelter alongside a substantial 4,900 MW captive power plant. The company anticipates that this integrated complex will play a pivotal role in transforming Odisha into a global aluminium hub.

Beyond its industrial impact, the project is projected to generate over 2 lakh jobs, providing a significant boost to employment opportunities in the region.

The announcement comes as private sector investments across India reached an impressive ₹3.5 trillion in Q1 FY26. Manufacturing led this surge, accounting for more than half of all new project announcements during the quarter, underscoring a strong resurgence in industrial growth and capital deployment within the country.