Himadri Speciality Chemicals plans ₹1,613 crore expansion, ₹1,125 crore for LFP
The company will spread the spend across battery materials, speciality chemicals, carbon nanotubes and carbon black.
The 30-second read
- Himadri Speciality Chemicals has a ₹1,613 crore expansion plan, first reported by CNBC-TV18.
- The biggest share, ₹1,125 crore, goes to LFP, a battery material.
- The company wants the projects completed in Q4 of the next financial year.
Himadri Speciality Chemicals has drawn up a ₹1,613 crore expansion plan, first reported by CNBC-TV18. The Hindu BusinessLine also reported on it. The plan rests on higher capacity, better margins and faster profit growth. It comes from the company's investor presentation for the July-September quarter and covers both greenfield and brownfield projects.
LFP gets ₹1,125 crore. Speciality chemicals get ₹248 crore, super speciality carbon black ₹170 crore and carbon nanotubes ₹70 crore. The company aims to finish the projects by Q4 of the next financial year.
Anurag Choudhary, Chairman and CEO of Himadri Speciality Chemicals, said: "We are building the materials backbone for the energy transition economy – driving sustainable growth for decades to come. The future will belong to the companies that can continuously reload themselves – execute, reinvest, and scale again,"
The company's business spans new energy materials, speciality chemicals and commodities. LFP and carbon nanotubes serve the new energy side. Speciality chemicals and carbon black back the existing businesses. It also says it has set up India's first commercial carbazole plant.
Why it matters
An Indian company is putting money into battery materials and import-substitution chemicals. That matters for domestic industry and for investors tracking the energy transition.
The data
| Segment | Investment |
|---|---|
| LFP | ₹1,125 crore |
| Speciality chemicals | ₹248 crore |
| Super speciality carbon black | ₹170 crore |
| Carbon nanotubes | ₹70 crore |