VERIFIEDET Finance·13 Aug 2026neutral

Govt's Rs 7,280 crore rare earth magnet scheme draws 20 bids, including L&T, Coal India, ReNew

AI Summary

·Twenty bids were received for the government's rare earth magnet manufacturing scheme.
·The initiative aims to establish 6,000 metric tonnes of domestic production capacity.
·The scheme will support industries like electric vehicles and renewable energy sectors.