1 hr ago
Himadri Targets ₹30,000 Crore Battery Materials Business
Himadri Speciality Chemicals wants to build a very large business making materials used in batteries.
It is aiming for a business worth ₹30,000 crore over the next five years.
The company plans to spend about ₹1,300 crore in FY27.
It plans to spend another ₹1,500 crore the year after that.
Some of the money will go toward Lithium Iron Phosphate and other advanced materials.
Himadri also wants to create new products every three months.
It has opened Ardent Impex FZCO in Dubai to help with international trading.
The company says these plans could help it become a bigger part of the global electric-vehicle battery supply chain.
Himadri Speciality Chemicals is targeting a ₹30,000 crore battery materials business over the next five years.
The company plans to invest around ₹1,300 crore in FY27 and ₹1,500 crore the following year.
Investments will support Lithium Iron Phosphate, Carbon Nano Tube, Super Speciality Carbon Black and other advanced products.
Himadri plans to launch new products every quarter and increase its share of high-value speciality products.
The company has established Ardent Impex FZCO in Dubai to trade industrial chemicals and petrochemicals internationally.
- Who
- Himadri Speciality Chemicals, led by Managing Director and CEO Anurag Choudhary.
- What
- The company is planning major investments to build a ₹30,000 crore battery materials business and expand internationally.
- Where
- The expansion will take place through Himadri’s operations and its new trading base, Ardent Impex FZCO, in Dubai.
- When
- The investments are planned for FY27 and the following year, with growth targeted over the next five years.
- Why
- To expand high-value speciality products and capture a larger share of the global electric-vehicle battery supply chain.
Key facts
- Target business
- ₹30,000 crore battery materials business
- FY27 investment
- Around ₹1,300 crore
- Following-year investment
- Around ₹1,500 crore
- Planned products
- Lithium Iron Phosphate, Carbon Nano Tube, Super Speciality Carbon Black and other advanced products
- Product pipeline
- New products planned every quarter
- Overseas expansion
- Ardent Impex FZCO has been established in Dubai for industrial chemicals and petrochemicals trading
- Recent performance
- The company reported its highest-ever first-quarter revenue, EBITDA and profit
Quotes
Anurag Choudhary
Managing Director and CEO of Himadri Speciality Chemicals
“The focus now is on high-value-added and specialty products, which is paving the way for the future growth of the company”
businesstoday.in
Sources
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