Lohum Announces ₹500 Crore Rare Earth Refining Hub with $100 Million Fundraise and 2027 IPO Plans – EQ
In Short : Lohum is set to invest ₹500 crore in a rare earth refining hub to enhance India’s critical minerals ecosystem. The company plans a $100 million fundraise and an IPO by 2027 to support growth. The project aims to strengthen domestic processing, reduce reliance on imports, and position Lohum as a key player in India’s strategic and clean energy supply chain.
In Detail : Lohum has announced plans to invest ₹500 crore in a rare earth refining hub, signaling a major step toward strengthening India’s critical minerals ecosystem. The initiative is aimed at supporting the country’s growing clean energy and technology sectors.
The company’s investment will focus on developing advanced processing capabilities for rare earth elements, which are crucial for electric vehicles, renewable energy, and other high-tech applications.
Lohum is also targeting a $100 million fundraise to accelerate the hub’s development and expand its operational capacity, ensuring it meets the increasing domestic demand for rare earth materials.
In addition, the company plans an initial public offering (IPO) by 2027, which will provide additional capital for expansion and position Lohum as a prominent player in the minerals and clean energy sectors.
The rare earth refining hub is expected to reduce India’s dependence on imports, enhancing supply chain security for critical materials needed in strategic and renewable energy technologies.
By localizing processing capabilities, Lohum aims to support India’s goal of self-reliance in critical minerals and bolster the domestic manufacturing ecosystem for electric vehicles and renewable energy infrastructure.
The project will create employment opportunities across high-skill and technical domains, contributing to regional economic development and supporting India’s broader industrial growth strategy.
Lohum’s strategic focus on rare earths aligns with global trends, as nations increasingly seek secure and sustainable supply chains for critical materials essential to clean energy transitions.
Through this investment, fundraise, and upcoming IPO, Lohum is positioning itself as a key player in India’s critical minerals sector, driving both economic growth and sustainable energy development nationwide.
