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India's rare earth magnet scheme gets 20 bids; L&T, Coal India, ReNew among bidders
The government's Rs 7,280-crore scheme to promote domestic manufacturing of rare earth permanent magnets has received 20 bids, including from Larsen & Toubro, Coal India and ReNew
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economictimes.indiatimes.com
L&T plans to manufacture rare-earth magnets in India to challenge China’s dominance
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…
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thehindubusinessline.com
L&T joins India’s race to build rare-earth magnet supply chain outside China
The engineering giant is preparing to bid for a ₹7,280-crore incentive scheme aimed at building domestic capacity for the critical industrial component.
