The India Cobalt Powder Market was valued at USD 45 Million in 2024 and is projected to reach USD 67 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period (2024–2030). This robust growth trajectory is fueled by surging demand from lithium-ion battery production, expanding aerospace alloy requirements, and increasing medical implant applications.

As India accelerates its electrification roadmap and advanced manufacturing capabilities, cobalt powder suppliers are emerging as critical enablers of strategic industrial supply chains. This comprehensive analysis profiles the Top 10 Companies in the India Cobalt Powder Market—key manufacturers and processors shaping the nation’s cobalt supply infrastructure.

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🔟 1. JSW Steel Ltd

Headquarters: Mumbai, India
Key Offering: Battery-grade cobalt powder (99.8% purity)

JSW Steel has strategically diversified into cobalt powder production to support India’s electric vehicle ambitions. The company supplies premium-grade cobalt powder to domestic battery cell manufacturers and maintains long-term cobalt supply agreements with African mining operations.

Market Strategies:

• Establishing 1,200 MT/year cobalt powder production capacity
• Developing battery material recycling technologies
• Partnerships with global EV manufacturers for direct supply

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9️⃣ 2. Vedanta Limited

Headquarters: Mumbai, India
Key Offering: Industrial-grade cobalt powder for alloys

Vedanta leverages its metals processing expertise to produce cobalt powder primarily for industrial applications. The company supplies critical materials to India’s growing tooling and aerospace sectors through its integrated zinc and copper operations.

Market Strategies:

• Co-product cobalt recovery from copper smelting
• Advanced powder metallurgy capabilities

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8️⃣ 3. Hindustan Zinc Limited

Headquarters: Udaipur, India
Key Offering: High-purity cobalt powder (99.3% and 99.8%)

A Vedanta Group company, Hindustan Zinc has expanded into cobalt products to capitalize on the battery materials boom. The company is scaling production to meet demand from India’s emerging cathode active material manufacturers.

Market Strategies:

• Pilot-scale cobalt powder production facility
• Technical collaborations with Asian battery material producers

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7️⃣ 4. Hindalco Industries Limited

Headquarters: Mumbai, India
Key Offering: Specialty cobalt powders for medical and aerospace

Hindalco’s advanced materials division produces premium cobalt-based powders for demanding applications. The company serves India’s growing medical implant and turbine component manufacturing sectors.

Market Strategies:

• Plasma atomization technology for spherical powders
• Defense sector collaborations for special alloys

Download FREE Sample Report: India Cobalt Powder Market – View in Detailed Research Report

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6️⃣ 5. Tata Steel Limited

Headquarters: Mumbai, India
Key Offering: Cost-efficient cobalt powders for industrial use

Tata Steel has entered cobalt powder production through its new materials ventures. The company focuses on delivering competitively priced cobalt solutions to India’s manufacturing industries.

Market Strategies:

• Cobalt recovery from industrial scrap streams
• Strategic alliances with carbide tool producers

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5️⃣ 6. Steel Authority of India Limited (SAIL)

Headquarters: New Delhi, India
Key Offering: Defense-grade cobalt alloys

SAIL produces specialized cobalt powders primarily for strategic applications in defense and aerospace. The company plays a vital role in India’s self-reliance initiatives for critical materials.

Market Strategies:

• Government-supported cobalt processing facilities
• Secure supply chains for defense applications

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4️⃣ 7. Jindal Steel & Power Limited

Headquarters: New Delhi, India
Key Offering: Battery and industrial cobalt powders

JSPL has invested significantly in cobalt refining and powder production capacity. The company supplies both domestic battery makers and international industrial consumers.

Market Strategies:

• Expanding to 3,500 MT/year refining capacity
• Long-term feedstock contracts in Africa

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3️⃣ 8. National Aluminium Company Limited (NALCO)

Headquarters: Bhubaneswar, India
Key Offering: High-purity cobalt powders for specialty applications

NALCO has leveraged its mineral processing expertise to establish cobalt powder production. The company focuses on niche markets including chemicals and electronic applications.

Market Strategies:

• Innovative cobalt recovery from bauxite residue
• Developing aluminum-cobalt master alloys

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2️⃣ 9. Tata Steel BSL Limited

Headquarters: New Delhi, India
Key Offering: Industrial-grade cobalt powders

Formerly Bhushan Steel, this Tata Steel subsidiary produces cost-effective cobalt powders for domestic manufacturing applications, particularly in wear-resistant materials.

Market Strategies:

• Process optimization for improved yields
• Development of hardfacing materials

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1️⃣ 10. Ratnamani Metals & Tubes Ltd

Headquarters: Ahmedabad, India
Key Offering: Ultra-high purity cobalt powders

Ratnamani produces specialty cobalt powders for critical applications in medical devices and aerospace components. The company maintains rigorous quality standards aligned with global specifications.

Market Strategies:

• Certifications for aerospace supply chains
• Investments in advanced powder production technologies

Get Full Report Here: India Cobalt Powder Market – View in Detailed Research Report

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🌍 Market Outlook: The Evolution of India’s Cobalt Supply Chain

India’s cobalt powder industry stands at a pivotal juncture, with battery sector demand poised to reshape traditional market dynamics. While industrial applications currently dominate consumption, the EV revolution is driving fundamental changes in supply chain strategies.

📈 Critical Market Developments:

• Government incentives for domestic battery material production
• Growing investments in cobalt recycling infrastructure
• Strategic stockpiling by battery manufacturers
• Increasing quality standards for global supply chains

Get Full Report Here: India Cobalt Powder Market – View in Detailed Research Report

The featured companies are not merely cobalt suppliers—they’re foundational players in India’s transition to advanced manufacturing and clean energy technologies.