India’s Magnet Advantage: N.A.N. MagneTech’s ₹1,250 Cr Mega-Plant

N.A.N. GreenMet Pvt. Ltd. has launched N.A.N. MagneTech Pvt. Ltd., which will invest ₹1,250 crore to establish India's first fully integrated high-performance NdFeB rare earth magnet manufacturing facility at Naidupeta Industrial Park in Andhra Pradesh.

The facility will have an initial production capacity of 1,200 tonnes per annum, expandable to 10,000 TPA, with commercial production scheduled to begin in the first quarter of 2028. The integrated plant will cover the complete oxide-to-magnet value chain and manufacture high-performance rare earth magnets for electric vehicles, wind energy, defence, robotics, semiconductors and advanced electronics, reducing India's dependence on imports.

News by Rahul Yelligetti.