Centre Extends Rs 72.8 Billion Rare Earth Magnet Tender

30 Jun 2026 CW Team

The scheme has a financial outlay of Rs 72.8 billion, comprising a Rs 7.5 billion capital subsidy and Rs 64.5 billion in sales-linked incentives over five years. Eligible manufacturers can claim incentives of up to 40 per cent of eligible net sales, while the three lowest bidders will receive limited assured supplies of Neodymium-Praseodymium (NdPr) oxide from state-owned IREL (India) Ltd. The government plans to select up to five beneficiaries with capacities ranging from 600 tonnes per annum (t) to 1,200 t to build an overall domestic manufacturing capacity of 6,000 t.

Industry executives say technology remains the principal hurdle rather than machinery procurement. Sintered Neodymium-Iron-Boron (NdFeB) magnets require specialised powder metallurgy, including alloy preparation, micron-level powder production, oxygen-controlled processing, vacuum sintering and precision heat treatment. Those manufacturing processes are protected intellectual property largely held by a handful of global players, making credible technology partnerships essential to produce magnets that meet demanding quality standards and to clear customer qualification cycles that can take between 12 and 24 months.

Feedstock security is also prompting caution among potential investors. Although limited assured supplies of NdPr oxide are on offer, access to heavy rare earths such as dysprosium and terbium for high-performance magnets remains concentrated globally, exposing manufacturers to geopolitical risk. Industry observers said the one-month extension reflected companies taking additional time to address technology access, raw material security and execution risks before committing to one of India’s most ambitious manufacturing programmes.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Centre has extended a rare earth permanent magnet tender by one-month as companies seek extra time to firm up technology access and feedstock plans. The extension comes as the government seeks to localise magnet production to support electric vehicle traction motors and reduce dependence on imports. The move follows approval of a manufacturing programme designed to build domestic capability in a component deemed critical across multiple sectors. The scheme has a financial outlay of Rs 72.8 billion, comprising a Rs 7.5 billion capital subsidy and Rs 64.5 billion in sales-linked incentives over five years. Eligible manufacturers can claim incentives of up to 40 per cent of eligible net sales, while the three lowest bidders will receive limited assured supplies of Neodymium-Praseodymium (NdPr) oxide from state-owned IREL (India) Ltd. The government plans to select up to five beneficiaries with capacities ranging from 600 tonnes per annum (t) to 1,200 t to build an overall domestic manufacturing capacity of 6,000 t. Industry executives say technology remains the principal hurdle rather than machinery procurement. Sintered Neodymium-Iron-Boron (NdFeB) magnets require specialised powder metallurgy, including alloy preparation, micron-level powder production, oxygen-controlled processing, vacuum sintering and precision heat treatment. Those manufacturing processes are protected intellectual property largely held by a handful of global players, making credible technology partnerships essential to produce magnets that meet demanding quality standards and to clear customer qualification cycles that can take between 12 and 24 months. Feedstock security is also prompting caution among potential investors. Although limited assured supplies of NdPr oxide are on offer, access to heavy rare earths such as dysprosium and terbium for high-performance magnets remains concentrated globally, exposing manufacturers to geopolitical risk. Industry observers said the one-month extension reflected companies taking additional time to address technology access, raw material security and execution risks before committing to one of India’s most ambitious manufacturing programmes.

Infrastructure Transport

20 Jul 2026

Uttar Pradesh Accelerates National Highway Projects

Uttar Pradesh Chief Minister Yogi Adityanath met Union Road Transport and Highways Minister Nitin Gadkari to review National Highway and road infrastructure projects. Officials from the National Highways Authority of India presented progress updates and proposals. Ministers directed acceleration of land acquisition, forest clearances, utility shifting and other formalities to expedite delivery. Officials said that since 2014 about 10,204 kilometres of National Highway projects have been awarded and nearly 9,329 kilometres completed, with 606 kilometres approved and 1,010 kilometres completed b..

Infrastructure Transport

20 Jul 2026

NHAI Completes Repairs at 33 of 40 Spots Along Gurugram NH-48

The National Highways Authority of India has rectified 33 of 40 deficient locations along an 11km stretch of the Delhi–Gurugram NH-48 corridor, following a joint inspection by the authority, the Municipal Corporation of Gurugram and the Gurugram Metropolitan Development Authority. The audit identified damaged footpaths, crash barriers, inadequate lane markings and poor sanitation at multiple points between Rajiv Chowk and Signature Towers. Repairs and maintenance works have been carried out over May and June as part of the exercise. The report noted broken crash barriers and roadside litteri..

Infrastructure Urban

20 Jul 2026

Mankhurd Maharashtra Nagar Flyover To Open By August 2027

The Brihanmumbai Municipal Corporation has said the Mankhurd-Maharashtra Nagar flyover will be operational by August 2027, as part of measures to ease congestion in the eastern suburbs. The structure will provide a direct link from the T Junction on the Sion-Panvel highway to the existing Ghatkopar-Mankhurd Link Road. The T Junction is one of the major traffic choke points in the eastern suburbs and records heavy flows of vehicles travelling to and from Navi Mumbai and Pune. Motorists currently spend more than 15 minutes at the signal during peak periods, according to civic data, prompting the..