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India Advances Critical Mineral Security with 58 Recycling Firms

The Ministry of Mines has approved 58 companies as eligible for the Incentive Scheme for Promotion of Critical Mineral Recycling. The scheme, with a total outlay of Rs 1,500 crore, aims to develop domestic recycling capacity for critical minerals from lithium-ion batteries, e-waste, and industrial scrap. Selected companies have pledged a capacity of about 850 KTPA and investment of about Rs 5,000 crore. The next stage involves project execution for financial support under the scheme.

Key Points: India Boosts Critical Mineral Recycling with 58 Firms

  • 58 companies approved for critical mineral recycling scheme
  • Scheme has Rs 1,500 crore outlay
  • Pledged capacity of about 850 KTPA
  • Pledged investment of about Rs 5,000 crore
2 min read

India advances critical mineral security, 58 Companies eligible for recycling scheme

India approves 58 companies under a Rs 1,500 crore scheme to recycle critical minerals, reducing import dependence and boosting clean energy.

"The selected companies represent key segments such as battery recycling, e-waste processing, and recovery from other waste - Ministry of Mines"

New Delhi, May 1

In a major step towards strengthening India's critical mineral security and promoting a circular economy, the Ministry of Mines has completed the eligibility assessment under the Incentive Scheme for Promotion of Critical Mineral Recycling, with 58 companies approved as eligible for participation, an official statement said.

The Scheme, with a total outlay of Rs 1,500 crore under the National Critical Mineral Mission, was notified on October 2, 2025, along with the issuance of detailed operational guidelines. It aims to develop domestic recycling capacity for critical minerals from lithium-ion batteries, e-waste, and industrial scrap--thereby reducing import dependence and supporting clean energy and advanced manufacturing sectors.

The application window, open from 2nd October 2025 to 1st April 2026, saw a robust response from industry stakeholders. Proposals were subsequently evaluated by the Project Management Agency (PMA), Jawaharlal Nehru Aluminium Research Development and Design Centre, in accordance with the Scheme guidelines, the Ministry of Mines said.

Based on these evaluations, the Executive Committee (EC) has approved 58 entities as eligible for participation, 20 entities cleared on 30.03.2026 and 38 entities cleared during its meeting held on 29.04.2026. With a pledged capacity of about 850 KTPA and pledged investment of about ₹5,000 crore, the selected companies represent key segments such as battery recycling, e-waste processing, and recovery from other waste -- reflecting strong industry interest and momentum in building India's critical mineral recycling ecosystem, it added.

The next stage of the Scheme is project execution, where capacity development and commencement of production from the eligible entities will be considered for financial support under the Scheme, they said.

- ANI

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Reader Comments

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Sarah B
As someone working in the renewable energy sector in India, this is a huge step forward. With 58 companies and ₹5,000 crore investment pledged, we're building the infrastructure needed for a truly circular economy. India is positioning itself as a global leader in battery recycling! 🚀
R
Rohit P
Good initiative, but I hope the implementation is transparent. We've seen many schemes in the past that look great on paper but fail on ground level. Also, ₹1,500 crore for critical mineral recycling seems good, but will it be enough to cover the infrastructure needed for 850 KTPA capacity? Time will tell. 🤔
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Michael C
This is impressive. India is moving fast on critical minerals - first the National Critical Mineral Mission, now the recycling scheme. The 58 companies approved shows there's real industry appetite. I'm curious though, what percentage of these are startups vs established players? Would love more data on that.
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Kavya N
Excellent move towards Atmanirbhar Bharat! Reducing import dependence for critical minerals like lithium, cobalt, and rare earths is essential for our EV and electronics industries. And recycling means less environmental damage from mining. Hope this creates many green jobs too. 🌱
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James A
India is definitely capitalizing on the global shift to EVs and clean energy. The 850 KTPA pledged capacity is no joke - that's significant for any country. My only concern: are there proper safety standards for battery recycling? Lithium-ion fires are no joke. Hope the guidelines are strict.

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