NEW DELHI — In a major push toward critical mineral self-reliance and high-tech manufacturing, the Ministry of Heavy Industries (MHI) has received 20 bids under its global tender for setting up integrated Sintered Rare Earth Permanent Magnet (REPM) manufacturing facilities in India.
The robust response follows the Union Cabinet’s approval of the ₹7,280 Crore REPM Scheme, designed to build an indigenous end-to-end value chain—from NdPr oxide processing to finished, high-strength magnets.
Key Highlights of the REPM Initiative
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Capacity Target: Aims to establish a total domestic production capacity of 6,000 Metric Tons Per Annum (MTPA) of integrated REPM facilities.
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Beneficiary Allocation: Up to 5 beneficiaries will be selected through competitive bidding, with each allotted a capacity cap of 1,200 MTPA.
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Timeline & Gestation: Spans 7 years, comprising a 2-year setup phase followed by 5 years of incentive disbursements tied to magnet sales.
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Strategic Applications: Sintered NdFeB magnets are critical components in electric vehicles (EVs), wind energy turbines, defense technology, aerospace, and advanced electronics.
Bidding Bidders List
Major industrial conglomerates, energy firms, recycling pioneers, and specialized materials companies submitted technical bids on August 12, 2026:
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20 Microns Limited
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Attero Recycling Private Limited
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BaRupOn – IRP Consortium
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Coal India Limited
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Jay Fe Cylinders Limited
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Keystone Infra Pvt. Ltd – Huebox Interiors Pvt. Ltd. (JV)
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Larsen & Toubro Limited
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Lohum Magnets & Energy Solutions Private Limited
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Midwest Energy Limited – Midwest Advanced Materials (JV)
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N.A.N. Magnetech Private Limited
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NEO Performance Materials (Singapore) PTE. LTD.
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Nexon Geochem Private Limited
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PrNd Metal and Magnets Pvt. Ltd.
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Proterial (India) Limited
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Prozeal Green Energy Limited
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Ramp Metals & Minerals Private Limited
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ReNew Private Limited
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Shankaranarayana Constructions Limited
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Solpro Greentech Private Limited
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Starteck Finance Limited
Strategic & Environmental Impact
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Reducing Import Reliance: Secures domestic supply chains for clean-tech and defense sectors, insulating Indian manufacturing from global critical-mineral shocks.
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Net Zero & Viksit Bharat: Aligns directly with India’s Net Zero 2070 target and long-term industrial modernization strategy for Viksit Bharat @2047.
