Rs.22500 Million New Rare Earths Magnet Unit in Andhra Pradesh
A new Rs. 22,500 million rare earths manufacturing facility is being established in Atchutapuram, Andhra Pradesh, to produce 1.2 ktpa of sintered NdFeB permanent magnets for EVs, aerospace, and defense. The state-of-the-art electronics component hub has received formal clearance from the State Investment Promotion Committee, paving the way for immediate civil engineering works.
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