Quartz

Quartz (SiO2) is a widely abundant mineral with a multitude of applications.
Midwest Neostone is building a Quartz processing facility in Andhra Pradesh, with Commenced Phase I facility targeting 303,600 metric tonnes capacity.*
Phase II will increase capacity to 606,600 metric tonnes, refining rejects for high-purity Quartz used in engineered stone and solar glass.*
With the operationalization of Phase I, Midwest will be one of the few players worldwide to incorporate a mine-to-market integrated business model for the production of Quartz grit and powder, i.e., offering capabilities across mining, processing, packing, distribution, and branding of Quartz.*

Over 23.3 MMT of quartz resources
With Phase I, Company will be one of the few players worldwide, which incorporate a mine to market integrated business model 2 for production of Quartz grit and powder*
Phase II will expand capacity to 606,600 MT, refining rejects into high-purity Quartz for the semiconductor and solar industries.

*Source: CRISIL Report

Market & Growth

Quartz is widely used in industries such as solar glass, engineered stone, and semiconductors.
Domestic production of quartz in India reached 4,989 KT in fiscal 2024, growing at a 17.8% CAGR from fiscal 2022.
Rajasthan is the largest producer, accounting for 49% of India's total quartz output in fiscal 2024, followed by Telangana (23%) and Andhra Pradesh (21%).
Quartz exports to markets such as China, Malaysia, Vietnam, and Korea grew by 47% in fiscal 2024, with China accounting for 45% of India's total export volume.
India remains a net exporter, consistently exporting larger volumes of quartz than it imports, with export values increasing by 164% in fiscal 2024.

India is among the leading exporters, alongside China and Turkey, with a 21.5% YoY growth in Quartz slab exports.*555
India currently imports 65% of its solar glass needs, but domestic supply is expected to rise to 70-80% by FY 2029.*555
Quartz demand for solar glass is expected to grow at a CAGR of 30.7-31.4%, reaching 2,100-2,160 KT by FY 2029.*555
Midwest plans to add 0.5 mnT of quartz grit capacity for solar glass, meeting 15-18% of FY 2029 demand.*555

India is among the leading exporters, alongside China and Turkey, with a 21.5% YoY growth in Quartz slab exports.*
India currently imports 65% of its solar glass needs, but domestic supply is expected to rise to 70-80% by FY 2029.*
Quartz demand for solar glass is expected to grow at a CAGR of 30.7-31.4%, reaching 2,100-2,160 KT by FY 2029.*
Midwest plans to add 0.5 mnT of quartz grit capacity for solar glass, meeting 15-18% of FY 2029 demand.*