Blitz Bureau
NEW DELHI: The Ministry of Heavy Industries has issued a Request for Proposal (RFP) to select beneficiaries to set up integrated sintered NdFeB Rare Earth Magnet manufacturing facilities under the Rs 7,280-crore scheme, it was announced on March 20. The manufacturing facilities will have a total capacity of 6,000 Metric Tonnes Per Annum (MTPA) under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet, according to the statement.
The scheme, approved by the Union Cabinet in November, 2025 with a financial outlay of Rs 7,280 crore, offers each selected beneficiary an allocation of 600–1,200 MTPA (in multiples of 100 MTPA).
Further, it provides a capital subsidy of Rs 750 crore plus sales‑linked incentives of Rs 6,450 crore, with limited assured supply of NdPr oxide from IREL (India) Ltd. for the three lowest bidders. In this bidding process, prospective applicants can submit their bids to establish integrated sintered NdFeB REPM manufacturing facilities in India and can be eligible for availing capital subsidy as well as sales-linked incentives under the Scheme.
The bidding will be conducted online through a transparent Least Cost System (LCS) comprising two-stages (Technical Bid and Financial Bid) through Central Public Procurement (CPP) Portal, said the statement. The tender documents are available from March 20, 2026. Pre-bid conference shall be held on April 7, 2026 and the bid due date is May 28, 2026 and the technical bids shall be opened on May 29, 2026, it added.
