Twenty companies submit bids for India’s ₹7,280-crore scheme to manufacture rare earth permanent magnets. The bids are for participation in a manufacturing programme aimed at strengthening domestic capacity for magnet production, which is used in multiple industrial and high-technology applications.
Business Line and Swarajya both name some of the bidders. Among those mentioned are Larsen & Toubro (L&T) and Coal India, alongside firms including 20 Microns, Attero Recycling, and Lohum Magnets & Energy Solutions. The reports highlight the breadth of interest from both industrial and materials-focused companies.
While the outlets provide the same overall count of bidders and the scheme value, they differ mainly in which bidder names they emphasize and how they frame the story. Business Line lists a set of companies, while Swarajya similarly underscores major industrial participants in its coverage. Both articles focus on the bidding stage rather than on award outcomes or contract allocations at this time.
