LOHUM Magnets applies environmental clearance for its project worth Rs 561 crore in Meerut
Greater Noida-based producer of sustainable critical minerals & advanced materials, LOHUM Magnets has applied for environmental clearance for its proposed Meerut project.
The firm is developing a sintered NdFeB Magnet plant spread over 50 acres at the Integrated Manufacturing and Logistics Cluster (IMLC) in Meerut, Uttar Pradesh. LOHUM plans to invest Rs 561 crore in the project, which will have a capacity of 1,600 TPA.
This investment is a part of the firm's broader Rs 2,500–Rs 3,000 crore capex (capital expenditure) roadmap through 2029.
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