Runaya's Green Leap: ₹1,200 Cr Push into Rare Earths & Recycling

Runaya, a Vedanta Group company focused on zero-waste and zero-discharge aluminium processing, plans to invest approximately ₹1,000–1,200 crore to expand its operations. A significant portion—₹300–500 crore—will be dedicated to establishing facilities for rare earth element (REE) processing and magnet manufacturing, marking Runaya’s entry into a critical sector for green technologies and electronics production.

The remaining investment will go toward doubling the capacity of its aluminium recycling operations from 100,000 to 200,000 tonnes per annum over the next two years. This move is aligned with national goals of enhancing domestic recycling, improving resource efficiency, and advancing the circular economy.

According to Jagannath Prasad, CEO of Runaya’s Green Aluminium Recovery & Diversified Metal Recovery division, the company is “seriously evaluating” the REE initiative. Runaya is exploring multiple pathways—including joint ventures, technology partnerships, and strategic alliances—with discussions already underway with global stakeholders.

This strategic foray into REEs aims to reduce India’s import reliance and strengthen the country’s position in high-tech, sustainable manufacturing.

News by Rahul Yelligetti.