Pre Project Stage Non-Ferrous Metals Projects Private Sector
Rs.24000 Million New Sintered NdFeB Permanent Magnet Facility in Ganjam, Odisha
- Investment
- From 5000 Million to 49999 Million
- Stage
- Pre Project Stage
- Location
- Ganjam, Odisha
- Last updated
- 19 Jun 2026
Project summary
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.
Project details
| Segment | Non-Ferrous Metals Projects |
|---|---|
| Industry | Metallurgical Industries |
| Products & capacity | Sintered NdFeB Permanent Magnet |
| District | Ganjam |
| State | Odisha |
| Investment | From 5000 Million to 49999 Million |
| Project type | New |
| Ownership | Private Sector |
| Stage | Pre Project 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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