Vedanta Shares Gain 2.5% as Group Announces ₹1 Lakh Crore Odisha Investment Plan

Bhubaneswar, October 24, 2025 – Shares of Vedanta Ltd (NSE: VEDL| BSE: 500295) jumped 2.5 per cent during the Friday trading session after the company announced a huge ₹1 lakh crore new investment in Odisha. The stock opened at ₹490.00 and rose to an intra-day high of ₹495.25 with more than 47.85 lakh shares traded, indicating positive investor demand.

Investment Proposal and Projects

Vedanta Group Chairman Anil Agarwal invited Odisha Chief Minister Mohan Charan Majhi to sit with him and discuss the new master plan for investments. Major projects include the expansion of the refinery, a ₹2,000-crore ferro-alloys complex in Keonjhar district, and two aluminium parks, one in Jharsuguda and the other site is yet to be decided by the state government. The projects would create more than one lakh direct and indirect jobs, and all state assistance would be ensured for infrastructure and land facilitation.

Strategic Outlook

The investment is to position Odisha as a metals and downstream manufacturing hub of the world, in high-grade ferro-alloys and aluminium for aerospace, electric vehicles, and defence use. Chief Minister Majhi called the announcement “a game-changer for Odisha’s industrial future” and Anil Agarwal reasserted Vedanta’s focus on sustainable development and empowerment of local startups and MSMEs.

Stock Performance

Vedanta shares were at ₹495.55, higher by ₹12.30 compared with yesterday’s close of ₹483.25 as of 11:59 am IST. Intraday stock price range was ₹487.25 – ₹495.25 with traded volume of 47.85 lakh shares and traded value of ₹235.59 crore. Buy orders were substantially higher than sell orders, indicating high investor confidence.

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