Ferro
Govt invites bids for 6,000 MTPA rare earth magnet manufacturing
The government on Friday invited bids for setting up manufacturing facilities for 6,000 metric tonnes per annum (MTPA) of magnets under the Rs 7,280-crore Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet. The heavy industries ministry has issued a request for proposal (RFP) for selection of beneficiaries to establish integrated Sintered NdFeB Rare Earth Permanent Magnet manufacturing units. The pre-bid conference will be held on April 7 while the bid due date is May 28. Technical bids will be opened on May 29, 2026. The bidding process will be conducted online through the Central Public Procurement (CPP) Portal using a transparent Least Cost System (LCS), comprising a two-stage process -- technical and financial bids. The scheme, approved by the Cabinet chaired by Prime Minister Narendra Modi last November, seeks to establish a total manufacturing capacity of 6,000 MTPA of integrated REPM facilities in the country. Under the scheme, selected beneficiaries wi
 "Govt invites bids for 6,000 MTPA rare earth magnet manufacturing")
Ferro alloys demand likely to grow at 7-8% CAGR in India: Report
India's ferro alloys demand is expected to grow at a CAGR of 7-8 per cent over the next five years, driven by higher steel production, according to markets research firm BigMint. At present, the demand of ferro alloys -- used to add various properties to steel -- in India is over 4 million tonnes, BigMint CEO Dhruv Goel said on Wednesday. Ferro alloys like silico manganese and ferro chrome, etc, act as deoxidisers and alloying agents, improving steel's properties like hardness, strength, corrosion resistance, and wear resistance, he said. The domestic ferro alloys capacity stands around 7.5 million tonnes, while the production is at 6 million tonnes, of which around 2 million tonnes are exported, the industry expert said at the '5th International Ferroy Alloys Conference 2025', organised by Indian Ferro Alloy Producers' Association (IFAPA). "India's ferro alloys industry has immense potential as the demand will continue to grow at 7-8 per cent CAGR till FY2030," Goel said, addressi
 "Ferro alloys demand likely to grow at 7-8% CAGR in India: Report")
Ferro chrome producers cheer restoration of export duty
Duty waiver, argue producers, would kill value addition and flood country with cheaper imports from China and Malaysia
 "Ferro chrome producers cheer restoration of export duty")