Rare earth permanent magnet scheme draws 20 bids for 6,000 MTPA capacity
The Ministry of Heavy Industries said on 13 August 2026 it received 20 bids under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM), which aims to build 6,000 MTPA of integrated magnet capacity in India.
Summary
The Ministry of Heavy Industries received 20 bids through a global tender to select manufacturers for integrated sintered NdFeB rare earth permanent magnet facilities under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets (REPM), it said on 13 August 2026. Bidders include Coal India Limited, Larsen & Toubro, Lohum, Attero Recycling, ReNew and Proterial (India). The Union Cabinet approved the first-of-its-kind scheme on 26 November 2025. It aims to set up a total capacity of 6,000 metric tonnes per annum (MTPA), with each beneficiary allotted up to 1,200 MTPA.
Key facts
- Bids received
- 20 (global tender on CPP portal)
- Magnet type
- Sintered NdFeB rare earth permanent magnets
- Total capacity
- 6,000 MTPA
- Per beneficiary
- Up to 1,200 MTPA
- Cabinet approval
- 26 November 2025
- Sample bidders
- Coal India, L&T, Lohum, Attero, ReNew
Practice MCQs 3 questions
What total manufacturing capacity does the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets aim to create?
Show answer
Correct answer: C — 6,000 MTPA
The scheme aims to set up a total capacity of 6,000 MTPA, with each beneficiary allotted up to 1,200 MTPA; it drew 20 bids by August 2026.
Which ministry runs the scheme for sintered rare earth permanent magnet manufacturing that received 20 bids in August 2026?
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Correct answer: B — Ministry of Heavy Industries
The Ministry of Heavy Industries received the 20 bids under the REPM scheme through a global tender on the CPP portal.
Consider the following statements about the REPM scheme: 1. The scheme covers sintered NdFeB (neodymium-iron-boron) magnets. 2. The Union Cabinet approved the scheme in November 2025. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Both statements are correct. The scheme is for integrated sintered NdFeB rare earth permanent magnet facilities and was approved by the Union Cabinet on 26 November 2025.