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Centre extends ₹7,280-crore rare earth magnet tender by a month as industry seeks more time

Bid deadline pushed to July 29; companies grapple with technology tie-ups, feedstock security and stringent localisation requirements under India’s flagship magnet manufacturing scheme

The Hindu BusinessLine·
AI summary

Bid deadline pushed to July 29; companies grapple with technology tie-ups, feedstock security and stringent localisation requirements under India’s flagship magnet manufacturing scheme

What happened

Bid deadline pushed to July 29; companies grapple with technology tie-ups, feedstock security and stringent localisation requirements under India’s flagship magnet manufacturing scheme

Why it matters

This business report is being tracked from The Hindu BusinessLine because it may affect readers, markets, policy, culture, or daily decisions.

Key facts
  • Category: business
  • Edition: IN
  • Fetched: Thu, 25 Jun 2026 14:26:48 GMT

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