Runaya, a Vedanta Group company renowned for its zero-waste and zero-discharge aluminum processing, is gearing up for a significant expansion. The company plans to invest ₹1,000–1,200 crore to scale up its operations. A major focus of this expansion is rare earth elements (REEs) and magnet production.
Rare Earth and Magnet Facilities
Runaya will allocate ₹300–₹500 crore to set up new REE processing and magnet manufacturing units. These advanced facilities will support India’s ambitions in critical mineral processing and high-tech component manufacturing.
According to Jagannath Prasad, CEO of Runaya’s Green Aluminium Recovery & Diversified Metal Recovery Business, the company is “seriously evaluating” the rare earths project. To advance this initiative, Runaya is actively exploring partnerships with global players. Options under consideration include joint ventures, technology transfers, and other collaborative models. Talks with international partners are currently in progress.
Doubling Recycling Capacity to 2,00,000 TPA
The remaining capital will go toward doubling Runaya’s existing recycling capacity—from 100,000 tons per annum (TPA) to 200,000 TPA—within the next two years. The capacity expansion will further strengthen Runaya’s position in green aluminum recovery and diversified metal recycling.
Strengthening India’s Supply Chain and Self-Reliance
Runaya’s strategic push reflects a broader national effort to build resilient, domestic supply chains for critical minerals. By investing in REE and magnet production, the company aims to reduce India’s dependence on imports for essential materials used in clean energy, electronics, and defense applications. As reported by newsonprojects.com, the expansion positions Runaya at the forefront of sustainable metals processing and advanced manufacturing, aligning with India’s goals forself-reliance and green growth.
