Himadri Speciality Chemicals' ₹1,613 crore capacity expansion signals significant capital investment across key business
Context
What happened: Himadri Speciality Chemicals plans capacity expansion across lithium iron phosphate, speciality chemicals, carbon nanotubes and super speciality carbon black, using a mix of greenfield and brownfield projects.
Key numbers: Total investment ₹1,613 crore: ₹1,125 crore in LFP, ₹248 crore in speciality chemicals,
Why it matters: Chairman and CEO Anurag Choudhary said the diversification aims at business resilience and significant sustainable growth in profitability over the next two years, with the company targeting a top three global position in coal tar pitch outside China.