Rs.12500 Million Neodymium Iron Boron (NdFeB) Rare Earth Magnet Mfg. Facility in Andhra Pradesh
India's first fully integrated Neodymium-Iron-Boron (NdFeB) rare earth magnet manufacturing facility is being developed at Naidupeta Industrial Park, Andhra Pradesh. Built with an initial Phase I outlay of ₹12,500 million, the plant starts with a 1,200 TPA capacity, expandable to 10,000 TPA. Land has been secured, with commercial production scheduled for Q1 2028.
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