Centre Launches Rs 15 Bn Scheme for Mineral Recycling
ECONOMY & POLICY

Centre Launches Rs 15 Bn Scheme for Mineral Recycling

The Ministry of Mines has released detailed guidelines for the Critical Mineral Recycling Incentive Scheme under the National Critical Minerals Mission. With a total outlay of Rs 1,485 crore, the scheme aims to promote recovery of key materials such as lithium, cobalt, nickel, rare earth elements, and platinum group metals from e-waste, spent batteries, magnets, catalytic converters, and alloy scraps.

Beneficiaries will include recyclers of secondary products, classified into Group A and Group B based on their global revenues. Group A covers large recyclers with at least Rs 200 crore in annual turnover and investment of Rs 100 crore for facilities with a capacity of 10,000 tonnes per year. Group B includes smaller players and startups with lower revenue thresholds and a minimum investment of Rs 25 crore for 5,000 tonnes capacity.

Out of the total fund, Rs 700 crore has been earmarked for lithium-ion battery recycling, Rs 650 crore for e-waste, and Rs 135 crore for other waste streams. Group A and B recyclers will be eligible for incentives up to Rs 50 crore and Rs 25 crore respectively, provided through capital and operational expenditure support.

The initiative is aimed at enhancing India’s supply security of critical minerals, fostering innovation, and positioning the country as a global hub for sustainable recycling and circular economy solutions.

The Ministry of Mines has released detailed guidelines for the Critical Mineral Recycling Incentive Scheme under the National Critical Minerals Mission. With a total outlay of Rs 1,485 crore, the scheme aims to promote recovery of key materials such as lithium, cobalt, nickel, rare earth elements, and platinum group metals from e-waste, spent batteries, magnets, catalytic converters, and alloy scraps.Beneficiaries will include recyclers of secondary products, classified into Group A and Group B based on their global revenues. Group A covers large recyclers with at least Rs 200 crore in annual turnover and investment of Rs 100 crore for facilities with a capacity of 10,000 tonnes per year. Group B includes smaller players and startups with lower revenue thresholds and a minimum investment of Rs 25 crore for 5,000 tonnes capacity.Out of the total fund, Rs 700 crore has been earmarked for lithium-ion battery recycling, Rs 650 crore for e-waste, and Rs 135 crore for other waste streams. Group A and B recyclers will be eligible for incentives up to Rs 50 crore and Rs 25 crore respectively, provided through capital and operational expenditure support.The initiative is aimed at enhancing India’s supply security of critical minerals, fostering innovation, and positioning the country as a global hub for sustainable recycling and circular economy solutions.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement