Runaya- Eckart JV marks the first phase of India’s first Gas-Atomized Aluminium Powder Plant in Jharsuguda
Mumbai/ 9th April , 2026: Runaya Metsource (“Runaya”), a Vedanta company providing advanced technological solutions for circular economy and critical metal recovery, achieved significant progress in developing green, spherical gas-atomized Aluminium Powder at Jharsuguda, Odisha with Eckart, a German-headquartered global leader in aluminium granules and effect pigments.
Martin Babilas, CEO of Altana AG, and Dr. Christian Przybyla, CEO of ECKART, visited the site along with Naivedya Agarwal, Managing Director of Runaya and other senior leaders.
Altana AG operates as a global specialty chemicals group, with Eckart as one of its most important divisions specializing in effect pigments and advanced material solutions. Together, they combine broad chemical innovation capabilities with deep technical expertise in applications, supporting industries ranging from automotive to cosmetics and packaging.
This also marked the first phase of the project, with operations expected by end of 2026 and already drawing strong interest from leading industry players.
The facility will produce high-quality aluminium powder, supporting a sustainable, integrated value chain while reducing imports and strengthening India’s advanced manufacturing sectors, like aerospace, aviation, solar, catalysts, and effect pigments.
Martin Babilas, CEO of Altana AG said, “Our partnership with Runaya represents a powerful confluence of technology, sustainability, and innovation. With its strong local expertise and shared commitment to responsible manufacturing, Runaya is an ideal partner and this collaboration further reinforces our commitment to carbon-neutral manufacturing and building long-term global partnerships.”
Naivedya Agarwal, Managing Director, Runaya said
“The milestone demonstrates the consistent progress our teams are making towards establishing an advanced materials facility in India. By enabling the domestic manufacturing of high-value aluminium powders, this JV strengthens India’s ability to move beyond basic metal supply towards the development of engineered materials that support sophisticated, value-driven industries.”
By combining Eckart’s global leadership in effect pigments and aluminium powder technologies with Runaya’s innovation-driven manufacturing and circular-economy expertise, the joint venture aims to build a globally competitive advanced materials ecosystem in India.
About Runaya:
Runaya (A Vedanta Group company) is committed to deploying advanced technologies to drive innovation, sustainability, and efficiency in the natural resources sector. The company provides advanced technological solutions for circular economy and “waste to wealth” innovations. Runaya’s portfolio includes ground support products for the mining industry, green solutions for the aluminium industry, critical mineral and minor metal recovery, gas-atomized metallurgical powders, and Fiber Reinforced Plastic (FRP) & Aramid Reinforced Plastic (ARP) Rods for the telecommunication sector. The company holds an industry-leading benchmark in gender diversity, employing 55% women. For more information, visit
www.runaya.com
About ECKART:
The ECKART Group headquartered in Germany, a company of ALTANA AG, stands as one of the premier global entities in effect pigment manufacturing. With a presence across 70 countries, ECKART's diverse products are used across coatings, printing, plastics, autoclaved aerated concrete, and cosmetics industries amongst others. The group specializes in the development, manufacture, and distribution of metallic effect and pearlescent pigments in various forms such as powder, paste, and pellets, alongside concentrates, dispersions, and printing inks. ECKART also drives advancements in metal powder optimization for 3D printing.
www.eckart.net
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