The Ministry of Mines has approved 58 companies as eligible participants under the incentive scheme for promotion of critical mineral recycling as notified under the national critical mineral mission.
The scheme has a total outlay of Rs 15 billion and aims to develop domestic recycling capacity for critical minerals from lithium-ion batteries, e-waste and industrial scrap. Of the 58 eligible entities, 20 were cleared on March 30, 2026 and 38 were cleared on April 29, 2026. The selected companies have pledged capacity of around 850 kilo tonnes per annum and investment of about Rs 50 billion across battery recycling, e-waste processing and recovery from other waste streams. The next phase will involve project execution, capacity development and commencement of production, based on which financial support will be considered under the scheme.