- N.A.N. GreenMet NdFeB magnet manufacturing facility advances
- Integrated magnet plant targets Indian automotive supply growth
N.A.N. GreenMet Announces Integrated NdFeB Magnet Manufacturing Project
N.A.N. GreenMet NdFeB magnet manufacturing facility will be established in Naidupeta, Andhra Pradesh, through the company’s newly created subsidiary NAN MagneTech Pvt Ltd. The project aims to develop a fully integrated production ecosystem for Neodymium-Iron-Boron (NdFeB) magnets, covering raw material processing, metal and alloy production, sintered magnet manufacturing, and closed-loop recycling operations. The facility represents a major step toward strengthening domestic advanced material capabilities and supporting automotive supply chains in India.
According to reports published on July 22, Phase I of the project will require an investment of approximately INR 12.5 billion. The initial production capacity is planned at 1,200 TPA, while future expansion phases are expected to increase the overall capacity to 10,000 TPA. Commercial production is targeted to begin in Q1 FY 2028, with Phase I estimated to generate annual revenue between INR 12 billion and INR 15 billion.
Project Scope and Automotive Supply Chain Impact
The integrated facility will manage multiple stages of NdFeB magnet production, including processing of raw materials, manufacturing metals and alloys, producing sintered magnets, and implementing recycling capabilities. These magnets are critical components for various automotive applications, particularly electric vehicle motors and advanced mobility technologies. The project is expected to support localization of key materials and reduce dependency on external supply chains for high-performance magnetic materials.
NAN GreenMet Pvt Ltd has secured long-term raw material supply arrangements from an Australian producer to support stable operations. The company has also entered into off-take agreements with domestic automakers and Tier-1 suppliers, creating a direct connection between magnet production capabilities and future vehicle manufacturing requirements.
Capacity Expansion and Future Manufacturing Plans
The company’s planned expansion from 1,200 TPA in the first phase to 10,000 TPA in later stages highlights its focus on building large-scale rare earth magnet production capabilities. The facility’s closed-loop recycling approach is designed to improve resource efficiency while supporting sustainable manufacturing practices. The development may strengthen the availability of critical components required for evolving automotive technologies and industrial applications.
NdFeB Magnet Manufacturing Capacity Overview
| Project Phase | Investment | Capacity | Timeline |
|---|---|---|---|
| Phase I | INR 12.5 billion | 1,200 TPA | Commercial production Q1 FY 2028 |
| Future Expansion | Not disclosed | 10,000 TPA | Later phases |
Frequently Asked Questions
What is the N.A.N. GreenMet NdFeB magnet manufacturing facility project?
The N.A.N. GreenMet NdFeB magnet manufacturing facility project is an integrated rare earth magnet production plant planned in Naidupeta, Andhra Pradesh. The facility will manufacture Neodymium-Iron-Boron magnets through multiple stages including raw material processing, alloy production, sintered magnet manufacturing, and recycling. The project is being developed through NAN MagneTech Pvt Ltd and aims to support automotive manufacturers and suppliers with locally produced advanced magnetic materials.
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