Archive · 23 Jul 2025
Himadri Eyes Sicona Stake, Plans Silicon Carbon Production, and Relaunches Tyres
Himadri Speciality Chemical is doing well and might buy more of the company Sicona.
They're making a special material, silicon carbon, that could make electric car batteries work better.
This material can increase mileage by 20% and reduce charging time by 40%.
Himadri is also working on bringing back Birla Tyres, starting with tires for trucks and buses, and eventually passenger cars and electric vehicles.
They are expanding their products and aiming to sell them all over India soon.
Himadri Speciality Chemical may increase its stake in Sicona, an Australian battery materials company.
Himadri reported record quarterly EBITDA and net profit, with a focus on high-value products.
The company has an exclusive agreement to produce silicon carbon, potentially boosting EV battery performance.
Birla Tyres' Balasore plant has restarted production, with plans to expand its product portfolio.
Birla Tyres' products are being reintroduced in phases across India, aiming for pan-India availability in 12-14 months.
- Who
- Himadri Speciality Chemical and Sicona, along with Birla Tyres.
- What
- Himadri Speciality Chemical is considering expanding its stake in Sicona, and is focused on expanding into the EV sector
- When
- Himadri will decide on increasing its stake in Sicona within a year, and plans for pan-India availability of Birla Tyres within 12-14 months.
- Where
- The greenfield plant location will be decided in the next six months, and Birla Tyres is being relaunched across India.
- Why
- Himadri wants to boost battery performance and increase its footprint in the EV sector.
- Himadri's Q1 EBITDA
- ₹234 crore
- Himadri's Q1 Net Profit
- ₹183 crore
- Himadri's Current Stake in Sicona
- 15%
- Birla Tyres Plant Location
- Balasore, Odisha
- Birla Tyres Target for Pan-India Availability
- 12-14 months
- Silicon Carbon Impact
- Increases Mileage by 20% and Reduce Charging Time by 40%