Integrated Sintered NdFeB Rare Earth Permanent Magnet Manufacturing Facilities Development

Work Description - Selection Of Manufacturers For Establishing Integrated Sintered Ndfeb Rare Earth Permanent Magnet Manufacturing Facilities Under The Scheme To Promote Manufacturing Of Sintered Rare Earth Permanent Magnet

The Department of Financial Services, through the Under Secretary, MHI, invites Global Tenders (Reference Number: 12(06)/2024-PEXI/CPSE.1) from eligible manufacturers for the "Selection of Manufacturers for Establishing Integrated Sintered NdFeB Rare Earth Permanent Magnet Manufacturing Facilities under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet." This Works category tender was e-published on March 20, 2026, at 09:00 AM. Interested bidders can download tender documents from March 20, 2026, 09:00 AM until July 29, 2026, 04:00 PM. A mandatory Pre-Bid Meeting will be held on April 07, 2026, at 11:30 AM at India Habitat Centre, New Delhi - 110003. Bid submission commences on April 07, 2026, at 02:00 PM and concludes on July 29, 2026, at 04:00 PM. Technical and Financial bids will be opened on July 30, 2026, at 04:30 PM at 2516, Second Floor, GPOA3, Netaji Nagar, New Delhi. A non-refundable Tender Fee of ₹4,50,000, payable at New Delhi as per Appendix XI of the RFP, and an Earnest Money Deposit (EMD) of ₹1,00,00,000 (One Crore Rupees), payable to the Ministry of Heavy Industries (Bank Guarantee only) at New Delhi, are required. Bids will remain valid for 365 days. For further inquiries, please contact the Tender Inviting Authority at 2516, Second Floor, GPOA3, Netaji Nagar, New Delhi 110023 or via email at repm-mhi@gov.in.