Himadri Speciality Chemicals Ltd has announced a significant growth roadmap focused on capacity expansion, margin improvement, and profit acceleration. This initiative aims to establish a materials backbone for the energy transition economy, as stated by Anurag Choudhary, Chairman and CEO of the company.
Investment Breakdown
The company plans to invest a total of ₹1,613 crore across various sectors:
- ₹1,125 crore in lithium iron phosphate (LFP)
- ₹248 crore in speciality chemicals
- ₹70 crore in carbon nanotubes
- ₹170 crore in super speciality carbon black
These investments will involve a combination of greenfield and brownfield projects, expected to be completed by the fourth quarter of the next financial year.
Strategic Vision
Choudhary emphasized the company's commitment to sustainable growth:
“"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."
Himadri is focusing on three main verticals: commodities, speciality chemicals, and new energy materials. The strategy aims to diversify its portfolio towards higher-value products and applications, while also building a global presence in battery materials.
