The alliance reinforces the internationalization strategy carried out by the domestic company and will allow it to meet the demands of customers in that country. The purpose is to develop advanced blasting solutions for infrastructure and mining in India.

Enaex S.A., and N.A.N. GreenMet, an advanced manufacturing company, announced the signing of a Joint Venture to develop an explosives company in India. The agreement, signed today by the CEOs of both companies following a process that began in 2025, will bolster the Chilean company’s internationalization strategy and grant access to the market in that country. Meanwhile, for N.A.N. GreenMet, the alliance represents a new step in its strategy to develop large-scale industrial businesses in key sectors of the Indian economy.

 

N.A.N. GreenMet is one of the most prominent companies in India’s clean energy industry, focusing on developing industrial platforms in strategic sectors for the energy transition and advanced manufacturing. The company is developing strategic businesses in the fields of critical minerals, clean energy, battery recycling, rare earth magnets, and high-value industrial solutions through global technological alliances and industrial execution in India. N.A.N. GreenMet is supporting India’s transition toward a resilient and self-reliant clean energy ecosystem, thanks to its deep understanding of the Indian ecosystem, regulatory context, and execution capabilities.

For its part, the Chilean company will contribute its proprietary technology, technical know-how, operational and safety standards, as well as its expertise developed over more than a century in the industry. It will also actively participate in implementing the Joint Venture’s operating model and managing the technical and commercial aspects of the business.

The activities of this Joint Venture will focus primarily on developing emulsions, detonators, and advanced blasting solutions—fields where Enaex is a global benchmark—focusing on high-growth industrial sectors, including infrastructure development, quarrying, iron ore, and ferrous and non-ferrous metals.

Following the signing of the agreement, the Chairman of the Board of Enaex, Juan Eduardo Errázuriz, stated that the transaction reflects the conviction with which the company is executing its internationalization strategy. “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. This operation will allow us to bring our proven business model and value proposition to one of the markets with the highest potential in the world,” he highlighted. “The fact that 64% of our revenue now comes from operations outside of Chile demonstrates the strength of our internationalization and the company’s ability to continue generating value in an increasingly challenging local and global environment,” Errázuriz emphasized.

For his part, Navin Agarwal, Founder and Vice Chairman of N.A.N GreenMet, noted that “India’s infrastructure and resource ecosystem is entering a new phase characterized by safety, precision, and productivity. This joint venture with Enaex represents a major step toward developing world-class precision blasting capabilities. N.A.N. GreenMet’s execution strengths and knowledge of the industrial ecosystem and its players, combined with Enaex’s proven technology and global operating standards, will create a trusted platform to drive infrastructure and mining growth in India,” he pointed out.

Enaex is the most important provider of comprehensive rock fragmentation services in Chile and Latin America. With a 105-year track record in the market, it has 20 manufacturing plants, 114 mine service plants, 461 factory trucks, and provides services to major open-pit and underground mining companies. With a direct presence in Chile, Brazil, South Africa, France, Australia, Peru, the United States, Colombia, Argentina, and Mexico, it exports its products to more than 40 countries across five continents.

N.A.N. GreenMet is a technology-led manufacturing platform founded by Navin Agarwal, Vice Chairman of Vedanta, which is building India’s industrial backbone in critical minerals and clean energy, spanning rare earth magnets, battery recycling, and precision blasting.