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July 24,2026

NAN GreenMet Announces ₹1,250 Crore NdFeB Rare-Earth Magnet Plant in Andhra Pradesh

NAN GreenMet will establish India’s first integrated NdFeB rare-earth magnet manufacturing facility at Naidupeta Industrial Park, Andhra Pradesh, with an initial investment of ₹1,250 crore. Phase I will create 1,200 TPA capacity, scaling up to 10,000 TPA, with commercial production targeted for Q1 2028.

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