Vedanta Ltd, a leading aluminium producer in India, has signed memorandums of understanding (MoUs) with Singhal Steel & Power Pvt Ltd and SCOT-AL Metcon Pvt Ltd to establish aluminium-based manufacturing units at its upcoming 'Vedanta Aluminium Park' in Jharsuguda, Odisha. This marks a significant step forward after three years since the park's foundation stone was laid in December 2022. The park spans 253 acres, with 56 acres allocated for downstream industries in its first phase. It aims to create a sustainability-driven industrial cluster, projected to cut carbon emissions by 60,000 to 70,000 tonnes annually by minimizing the need for re-melting and reducing logistics. Once fully operational, the park is expected to become one of the largest metal parks in India, enhancing the productivity and cost competitiveness of aluminium-based industries by providing direct access to high-quality hot metal. The initial MoUs are anticipated to attract investments exceeding ₹500 crore (approximately $60 million USD) and generate around 1,500 direct and indirect jobs. Vedanta's CEO, Rajiv Kumar, emphasized that this initiative will unlock new opportunities for local industries and strengthen Odisha's position in the global aluminium market. The state’s Minister for Industries, Sampad Chandra Swain, highlighted the park's potential to accelerate investments and bolster manufacturing capabilities in Odisha.