NAN Enaex, a 50:50 joint venture between NAN GreenMet and Chile-based Enaex SA, plans to enter the Indian market in 2027 with an initial investment of ₹750 crore in an integrated explosives manufacturing facility. The company expects India to contribute around 10% of Enaex’s global sales, potentially generating revenue of approximately $300 million.
The venture will supply emulsion explosives, electronic detonator systems, digital blasting tools and mine-to-mill optimisation services for mining, quarrying and civil infrastructure projects. Its services will focus on improving blast precision, safety, productivity and control over the effects of blasting on nearby areas.
India’s explosives market is projected to reach $1.7 billion by 2030 and $2.7 billion by 2035, supported by mining activity and infrastructure development. The country is targeting 300 million tonnes of steelmaking capacity by 2030, while selected mining segments are expected to grow by 12–15% annually. India also has more than 1,300 tunnels, spanning 3,600 km, in its project pipeline across hydropower, railways, roads and metro networks.
The venture’s first manufacturing facility will be located in Eastern India, close to customers and industrial infrastructure. Phase one is planned to have annual capacity for 150,000 tonnes of emulsion explosives and one million electronic detonators. NAN Enaex will bring Enaex’s DaveyTronic electronic initiation systems, digital blast design and monitoring tools, and mine-to-mill optimisation services to Indian customers. These technologies are designed to improve rock fragmentation, reduce downstream processing costs and help manage vibration and other environmental effects.
The company said initial discussions with Indian mining companies indicated interest in technology-based blasting solutions that go beyond conventional explosives supply. Customers are seeking improved productivity, lower operating costs and better safety, particularly at sites close to residential communities.
Annanya Agarwal, Co-founder and Director of NAN GreenMet, said India’s infrastructure and mining projects required improved technology, stronger safety standards and more efficient operations. The partnership with Enaex would combine local manufacturing with global experience to serve large infrastructure and mining customers.
Juan Andrés Errázuriz Domínguez, CEO of Enaex, said precision and better fragmentation could improve productivity, costs and safety. He said the company intended to bring its experience from international mining markets to India’s complex infrastructure and mining projects. Enaex has more than 100 years of experience in blasting solutions, with operations across the Americas, Europe, Africa and Oceania NAN GreenMet brings experience in mineral, energy and infrastructure projects to the joint venture.
