The company plans to invest ₹1,125 crore in lithium iron phosphate (LFP), ₹248 crore in speciality chemicals, ₹70 crore in carbon nanotubes and ₹170 crore in super speciality carbon black
Himadri Speciality Chemicals Ltd has drawn up a developing roadmap concentrated on capacity expansion, margin improvement and profit increased, because it targets at building the materials backbone for the energy transition economy, a top company official stated.
The company plans to invest ₹1,125 crore in lithium iron phosphate (LFP), ₹248 crore in speciality chemicals, ₹70 crore in carbon nanotubes and ₹170 crore in great speciality carbon black, as per its investor presentation for the July-September quarter.
The proposed investments, developing a combination of greenfield and brownfield ventures, are anticipated to be completed by the fourth quarter of the quarter financial year.
“We are building the materials quarter for the energy transition economy – driving sustainable development for decades to come. The future will belong to the companies that could constantly reload themselves – execute, reinvest, and scale again,” Himadri Speciality Chemicals Chairman and CEO Anurag Choudhary stated.
The company is seeking to build its business round 3 verticals – commodities, speciality chemicals and new energy materials – while diversifying its portfolio towards higher-value products and applications.
Its strategy consists of constructing a global presence in battery materials, reinforcing its position in high-performance speciality carbon black, scaling up across key end-use segments and evolving as one of the top three worldwide coal tar pitch suppliers outside China.
“Himadri is shifting gear toward high-value growth, with our diversification targeted at driving business resilience resulting in considerable sustainable development in profitability over the next 2 years,” Choudhary mention.
Alongside capability addition, it’s targeting in value-added speciality chemicals to improve the product combine and tap demand across industrial, construction, pharmaceutical and other applications.
The company has a almost 67% share of the domestic naphthalene market. The chemical is used in dyes, resins and as an intermediate in agrochemicals, at the same time as its consumer-dealing with applications encompass naphthalene balls sold under the ‘Durofresh’ brand.
It has also released anthraquinone, a speciality chemical utilized in dyes, pigments and pulping catalysts, with applications in pharmaceuticals and agrochemical intermediates. The product offers opportunities for import substitution as well as exports, the company said.
Its sodium naphthalene formaldehyde (SNF) and polycarboxylate ether (PCE) businesses cater to both traditional industrial demand and the construction chemical market.
The company has also set up “India’s first” commercial carbazole plant. Carbazole is utilized in pharmaceuticals, electronics and as an intermediate in dye production.
The planned investments in LFP and carbon nanotubes are targeted toward reinforcing the company’s presence in new energy materials, whilst the expansion in speciality chemicals and carbon black is anticipated to support its existing businesses and higher-value product offerings, officials stated.
