Announcement Stage Non-Ferrous Metals Projects Private Sector
Rs.22500 Million New Rare Earths Magnet Unit in Andhra Pradesh
- Investment
- From 5000 Million to 49999 Million
- Stage
- Announcement Stage
- Location
- Anakapalli, Andhra Pradesh
- Last updated
- 19 Jun 2026
Project summary
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.
Project details
| Segment | Non-Ferrous Metals Projects |
|---|---|
| Industry | Metallurgical Industries |
| Products & capacity | Sintered Neodymium-Iron-Boron (1.2 KTPA) |
| District | Anakapalli |
| State | Andhra Pradesh |
| Investment | From 5000 Million to 49999 Million |
| Project type | New |
| Ownership | Private Sector |
| Stage | Announcement Stage |
| Last updated | 19 Jun 2026 |
| Promoter / company | 🔒 Subscribers only Unlock |
| Site location & address | 🔒 Subscribers only Unlock |
| Promoter contact | 🔒 Subscribers only Unlock |
| Decision makers | 🔒 Subscribers only Unlock |
| Milestone history | 🔒 Subscribers only Unlock |
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