Twenty companies, including major players, bid for India's ₹7,280-crore scheme to manufacture rare earth permanent magnets.

Larsen & Toubro is planning to bid for Indias incentives to manufacture rare-earth magnets domestically, people familiar with the matter said. The move would mark a new business…

The engineering giant is preparing to bid for a ₹7,280-crore incentive scheme aimed at building domestic capacity for the critical industrial component.