Himadri Speciality Chemical Plans ₹1,300 Crore FY27 Capex to Scale Up Battery Materials and Carbon Nanotube Production
Himadri Speciality Chemical Ltd plans to deploy around ₹1,300 crore in capital expenditure over the next year as the specialty chemicals maker accelerates investments in lithium-ion battery materials, carbon-based advanced materials, and other high-value products, according to CMD and CEO Anurag Choudhary. The company is also preparing another investment cycle of around ₹1,500 crore in the following year.
As part of this expansion, Himadri is setting up India's first commercial carbon nanotube manufacturing plant with an initial investment of ₹70 crore, targeting a 200 MTPA facility for commissioning in Q4 FY27. The company has also outlined ₹1,125 crore in capex for its lithium iron phosphate (LFP) project, targeting 40,000 MTPA Phase 1 capacity with initial 2,000 MTPA operations expected to commence in Q3 FY27, and ₹170 crore for converting existing capacity to produce 6,000 MTPA of super speciality carbon black, targeted for completion by Q4 FY28.
Choudhary said the company is targeting ₹30,000 crore in revenue from battery chemicals over the next six years, through a series of investments to be rolled out in phases. Himadri is positioning itself as a raw-material component hub for lithium-ion cells, with capabilities spanning both cathode and anode materials, aiming to meet India's growing battery manufacturing requirements while supplying global customers looking to diversify sourcing away from China.