Karnataka Signs Rs 3.50-Bn Pact for Critical Minerals Refining Hub

03 Dec 2025 CW Team

The proposed complex is projected to supply refined materials worth Rs 5–6 billion annually, reducing dependence on imports for industries such as electric vehicles, renewable energy, aerospace, defence and electronics. In its statement, the company said the project’s first phase will feature a refining capacity of 15,000 MTPA, generating an annual throughput of 13,400 tonne. It added that each Rs 10 million of MiniMines’ output is expected to create nearly Rs 30 million of downstream industrial value across associated supply chains.

The facility will deploy MiniMines’ patented Hybrid-Hydrometallurgy (HHM) process for lithium-ion battery recycling and will integrate the company’s developing HydroMag REE Loop technology for recovering rare-earth magnets. It will also house an R&D and training centre focused on workforce development, technology transfer and innovation in circular mineral processing.

Anupam Kumar, Co-founder and CEO, MiniMines, said the agreement marks a key step in strengthening India’s capability in critical mineral processing. “With this refining complex, we aim to build a domestic ecosystem capable of supplying high-purity materials needed for batteries, magnets and other clean energy technologies,” he said. “Our focus is to recover value from waste streams and reduce the country’s dependence on imported raw materials. We will be extracting in India and supplying to the world.”

The project is expected to generate more than 1,500 direct and indirect jobs and contribute around Rs 13 billion in annual turnover and nearly Rs 2 billion in GST revenue. Karnataka Minister for IT/BT and Panchayati Raj and Rural Development Priyank Kharge said MiniMines’ work in critical minerals and rare-earth recycling is a pivotal move toward self-reliance and a more sustainable future.

News source: The Hans India

Karnataka has signed an MoU with Bengaluru-based MiniMines Cleantech Solutions to establish a Rs 3.50-billion Giga Critical Minerals Refining Complex in the city. The agreement, inked with the Department of Electronics, IT & Biotechnology, aims to strengthen India’s supply chain for high-purity materials crucial to electric mobility, clean energy and strategic sectors.The proposed complex is projected to supply refined materials worth Rs 5–6 billion annually, reducing dependence on imports for industries such as electric vehicles, renewable energy, aerospace, defence and electronics. In its statement, the company said the project’s first phase will feature a refining capacity of 15,000 MTPA, generating an annual throughput of 13,400 tonne. It added that each Rs 10 million of MiniMines’ output is expected to create nearly Rs 30 million of downstream industrial value across associated supply chains.The facility will deploy MiniMines’ patented Hybrid-Hydrometallurgy (HHM) process for lithium-ion battery recycling and will integrate the company’s developing HydroMag REE Loop technology for recovering rare-earth magnets. It will also house an R&D and training centre focused on workforce development, technology transfer and innovation in circular mineral processing.Anupam Kumar, Co-founder and CEO, MiniMines, said the agreement marks a key step in strengthening India’s capability in critical mineral processing. “With this refining complex, we aim to build a domestic ecosystem capable of supplying high-purity materials needed for batteries, magnets and other clean energy technologies,” he said. “Our focus is to recover value from waste streams and reduce the country’s dependence on imported raw materials. We will be extracting in India and supplying to the world.”The project is expected to generate more than 1,500 direct and indirect jobs and contribute around Rs 13 billion in annual turnover and nearly Rs 2 billion in GST revenue. Karnataka Minister for IT/BT and Panchayati Raj and Rural Development Priyank Kharge said MiniMines’ work in critical minerals and rare-earth recycling is a pivotal move toward self-reliance and a more sustainable future.News source: The Hans India

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..