According to Enaex, N.A.N. GreenMet is a leading company in India’s clean energy industry, focusing on establishing industrial platforms in crucial industries for energy transition and advanced manufacturing. The company is establishing strategic businesses in essential minerals, clean energy, battery recycling, rare earth magnets, and high-value industrial solutions through worldwide technological collaborations and industrial execution in India. N.A.N. GreenMet is assisting India’s transition to a resilient and self-sufficient clean energy ecosystem by leveraging its extensive expertise of the Indian ecosystem, regulatory framework, and execution capabilities.
Enaex will provide its patented technology, technological know-how, operational and safety standards, and industry expertise gained over more than a century. It will also play an active role in implementing the JV’s operating model and overseeing the technical and commercial aspects of the firm.
This JV’s efforts will largely focus on creating emulsions, detonators, and sophisticated blasting solutions, all of which Enaex is a global leader in, with an emphasis on high-growth industrial sectors such as infrastructure development, quarrying, iron ore, and ferrous and non-ferrous metals.
Following the signing of the agreement, Enaex’s Chairman of the Board, Juan Eduardo Errázuriz, noted that the transaction underlines the company’s determination in implementing its internationalisation plan.
“This milestone consolidates our presence and leadership in the world’s most relevant mining regions and reinforces a strategy that combines growth, innovation and sustainability alongside a top-tier partner,” he stated. “With this transaction, we will be able to introduce our established business strategy and value proposition to one of the world’s most promising markets.
“The fact that 64% of our revenue now comes from operations outside of Chile demonstrates the strength of our internationalisation and the company’s ability to continue generating value in an increasingly challenging local and global environment.”
Navin Agarwal, Founder and Vice Chairman of N.A.N GreenMet (also Vice Chairman of Vedanta), stated, “India’s infrastructure and resource ecosystem is entering a new phase of safety, precision, and productivity. This joint venture with Enaex is an important step toward creating world-class precision blasting capabilities. N.A.N. GreenMet’s execution strengths and understanding of the industrial ecosystem and its participants, together with Enaex’s established technology and global operating standards, will offer a dependable platform for driving infrastructure and mining expansion in India.”
With a 105-year market history, Enaex operates 20 manufacturing units, 114 mine service plants, 461 factory trucks, and provides services to major open-pit and underground mining operations. With direct operations in Chile, Brazil, South Africa, France, Australia, Peru, the United States, Colombia, Argentina, and Mexico, it exports to over 40 nations over five continents.
