In a landmark move, the Adani Group has committed to investing Rs 2.3 lakh crore in Odisha over the next five years marking the largest investment pledge in the state’s history. The announcement was made during the Utkarsh Odisha Conclave 2025 where Karan Adani Managing Director of Adani Ports and SEZ (APSEZ) met Odisha Chief Minister Mohan Charan Majhi and exchanged a Memorandum of Understanding (MoU).
Key Investment Areas:
The massive investment will span multiple sectors, including:
✅ Power: Development of renewable energy projects.
✅ Cement: Establishment of cement plants in Malkangiri and Cuttack.
✅ Aluminium: Setting up an aluminium refinery and smelter in Odisha utilizing the Ballada bauxite mine in Koraput.
✅ Industrial Parks: Development of the Dhamra Industrial Park.
✅ City Gas Expansion: Expansion of city gas distribution networks and LNG infrastructure.
Major Projects Under the Investment Plan:
- Renewable Energy Unit: A new renewable energy facility will be established in Cuttack.
- Port Expansion: Expansion of the Dhamra and Gopalpur ports to enhance logistics and trade capabilities.
- Cement Plants: New cement manufacturing units in Malkangiri and Cuttack.
- Aluminium Refinery and Smelter: Utilization of the Ballada bauxite mine to boost aluminium production.
Adani Total Gas (ATGL) Initiatives:
On the first day of the investment summit Adani Total Gas (ATGL) launched six projects including:
- CNG Stations: New CNG stations in Balasore and Rairangpur.
- EV Charging Stations: An EV charging station at Bhubaneswar Airport, part of a larger plan to set up 250 EV charging stations across Odisha within three years.
- City Gate Station: A city gate station at Chandbali to provide city gas services to Bhadrak, Balasore, and Mayurbhanj districts.
- LNG Refilling Stations: ATGL plans to invest Rs 100 crore to establish LNG refilling stations in Angul, Jharsuguda, and Chandikhol.
Boosting Odisha’s Economic Growth:
This investment is expected to significantly boost Odisha’s industrial and economic growth creating thousands of jobs and enhancing infrastructure development. The Adani Group’s commitment aligns with the state’s vision to attract investments and position itself as a leading industrial hub in India.
A Transformative Partnership:
The collaboration between the Adani Group and the Odisha government is set to transform the state’s industrial landscape. By focusing on sustainable and diversified sectors the investment will not only drive economic growth but also contribute to Odisha’s long-term development goals.