N A N GreenMet Pvt Ltd, the critical minerals and advanced manufacturing platform founded by Navin Agarwal, Vice Chairman, Vedanta, has announced the launch of N A N MagneTech Pvt Ltd to establish India’s first fully integrated high-performance Neodymium-Iron-Boron (NdFeB) magnet and rare earth magnet manufacturing facility.

The facility is being developed at the Naidupeta Industrial Park in Andhra Pradesh, where land has been secured along with state government incentives.

Phase I involves an investment of approximately Rs 12.5 billion to establish an initial saleable capacity of 1,200 tonnes per annum (TPA), which will be scaled to a total planned capacity of 10,000 TPA. The project is expected to generate annual revenues of Rs 1.2–1.5 billion, with commercial production scheduled to begin in Q1 2028.

The facility is being developed in collaboration with leading Japanese technology partners and Dr Masato Sagawa, the inventor of NdFeB magnets.

High-performance NdFeB permanent magnets are critical components used in electric vehicle (EV) traction motors, wind turbines, defence equipment, robotics, semiconductors and advanced electronics. India currently imports nearly 95 per cent of its rare earth magnets from China.

To strengthen supply chain resilience, N AN MagneTech has secured long-term feedstock supply arrangements, including critical heavy rare earth oxides, with a major Australian rare earth producer. Off-take agreements have also been executed with leading domestic auto OEMs and Tier-1 automotive suppliers.

The Naidupeta facility will integrate the complete oxide-to-magnet value chain under one roof, including rare earth oxide processing, metal and alloy production, fully automated sintered magnet manufacturing and closed-loop recycling.

N.A.N. MagneTech’s technology and operational strategy are led by global industry authorities:

Dr John Ormerod (Chairman, Technology Board): A globally recognised authority in rare earth magnetics with over 40 years of industry experience and a PhD in Metallurgy from the University of Manchester.

Dr Masato Sagawa (Senior Technical Advisor): A globally recognised pioneer in rare earth magnet manufacturing and a PhD in Materials Science from Tohoku University. He is the inventor of the sintered NdFeB magnet and a renowned materials scientist.

Dr Gaurav Shukla (Deputy CEO): An IIT alumnus with a PhD in Materials Science and over 20 years of specialised experience in rare earth materials science and magnet manufacturing.

Navin Agarwal, Founder and Chairman, N A N GreenMet, said, “The industries shaping the future will be defined by those who control advanced materials and manufacturing technologies. At N A N GreenMet, we are building a globally competitive industrial enterprise that strengthens India’s manufacturing capabilities in strategically important sectors. N A N MagneTech is an important milestone in that endeavour, bringing world-class technology to establish a domestic rare earth magnet ecosystem that supports the country’s long-term industrial growth.”

Dr John Ormerod, Chairman of the Technology Board, N A N MagneTech, added, “We are bringing the most advanced Japanese process technology to India, covering the complete oxide-to-magnet ecosystem. Backed by a secured feedstock strategy and closed-loop recycling, this platform is engineered to deliver consistent, world-class quality.”