Rs.24000 Million New Sintered NdFeB Permanent Magnet Facility in Ganjam, Odisha
A new Rs. 24,000 million manufacturing plant is being set up in Ganjam, Odisha, to produce advanced sintered NdFeB permanent magnets for the electric vehicle, defense, and green energy sectors. Approved in June 2026 by the state's High-Level Clearance Authority, the high-tech critical mineral value-addition facility will generate over 2,000 localized engineering and manufacturing jobs.
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