Enaex expects India to contribute 10 per cent of its global sales, potentially reaching approximately $300 million.
N.A.N. Enaex is bringing its first manufacturing unit strategically located close to customers and industrial infrastructure in Eastern India with phase 1 capacity of 150,000 tonnes of emulsion explosives and one million electronic detonators.
The venture will offer state-of-the-art emulsion explosives, electronic detonator systems, mine-to-mill optimisation services and digital and AI-enabled tools for mining, quarrying and civil infrastructure projects. Its focus will extend beyond explosives supply to improving blast precision, operational safety, productivity and control over the impact of blasting on surrounding areas.
India’s explosives market is estimated to reach $1.7 billion by 2030 and $2.7 billion by 2035.
Demand is being driven by expanding mineral production and large-scale infrastructure development. India is targeting 300 million tonnes of steelmaking capacity by 2030, while select mining segments are projected to grow by 12–15 per cent annually. The country also has a pipeline of more than 1,300 tunnels spanning 3,600 km across hydropower, railways, roads and metros, supported by the government’s Rs 12.2 lakh crore capital expenditure allocation for FY2026-27 and 500 GW non-fossil electricity capacity target for 2030, the company said in a statement.
Early discussions with leading Indian mining companies have been encouraging, revealing a clear appetite for technology-led blasting solutions over conventional explosives supply. Customers are seeking higher productivity, lower costs, improved safety and significantly reduced environmental impact, especially near residential communities, it said.
“India is investing heavily in civil infrastructure, from hydropower and tunnelling to highways and railways, alongside the expansion of its mining sector. These projects need better technology, higher safety standards and more efficient operations. Our early conversations with customers have made it clear that the market is ready for this change. With Enaex, we have a partner with a strong global track record in product quality, technology and safety. Our investment is aimed at building a substantial Indian manufacturing and technology business, close to our customers and provide end-to-end reliable products and services to large infrastructure and mining operations,” Annanya Agarwal, Co-founder and Director, N.A.N. GreenMet, said.
“India is undertaking infrastructure projects of a scale and complexity that demand a different approach to blasting. In our experience across some of the world’s largest mining markets, the real gains come from getting the blast right the first time, with greater precision, better fragmentation and tighter control. That is where technology makes a measurable difference to productivity, costs and safety. We have spent more than 100 years developing these capabilities, and through N.A.N. Enaex, we intend to bring that experience to India’s most challenging mining and infrastructure projects,” Juan Andrés Errázuriz Domínguez, CEO, Enaex, said.
