Latest news with #HimadriSpecialityChemical
Time of India
13-05-2025
- Automotive
- Time of India
Himadri Chem partners with Sicona for India's first silicon carbon plant
Kolkata: Himadri Speciality Chemical is planning to set up India's first silicon carbon plant soon, following its technology licensing partnership with Sicona , an Australian next-gen battery materials the agreement, Himadri would have the right to access, localise and commercialise Sicona's proprietary silicon-carbon anode technology in India. This technology is widely regarded as one of the most promising advancements in lithium-ion battery performance globally, Himadri Chemicals chairman and MD Anurag Chowdhary 2023, the Kolkata-based company invested Rs 58 crore to acquire a 12.5% stake in Sicona through a wholly owned SPV, Elixir Carbo Private Limited. Now, it has further invested Rs 81 crore in Sicona through compulsory convertible said this technology had advantages like higher mileage. Unlike conventional anode materials, Sicona's SiCx® material, when used in conjunction with traditional graphite (typically in proportions of 5–20%), significantly enhances both energy density (+20%) and charging performance (+40%). This means greater mileage per single charge for electric vehicles and rapid charging times, directly addressing two of the biggest consumer concerns in EV plant was likely to be in Odisha, and the company was now working on the investment, Chowdhary said. He noted that this partnership came at a pivotal moment for both India and the world."As countries seek to localise battery manufacturing and reduce reliance on concentrated supply chains, Himadri's partnership with Sicona places India on the technological frontline of the energy transition. SiCx® is a transformational product that can be seamlessly integrated into existing lithium-ion battery anode formulations, offering a scalable and commercially viable path to significantly improved battery performance," he added.
Business Standard
13-05-2025
- Business
- Business Standard
Board of Himadri Speciality Chemical approves investment in Sicona
Also approves technology licensing agreement with Sicona The Board of Himadri Speciality Chemical at its meeting held on 13 May 2025 has approved further investment of AUD 1,50,00,000 (Rs 81.48 crore approximately) (in cash) in Sicona Battery Technologies (Sicona) in the form of subscription to Compulsorily Convertible Notes. These investments shall be made in agreed tranches over a period of 18 months. The Board has also approved entering into a Technology Licensing Agreement with Sicona, which grants Himadri the exclusive license to manufacture silicon-carbon anode materials in India using Sicona's Silicon-Carbon (SiCx) anode technology.
Time of India
13-05-2025
- Automotive
- Time of India
Himadri in talks to buy 10-12% in US battery co
Kolkata-headquartered Himadri Speciality Chemical is in advanced talks to acquire a 10-12per cent stake in International Battery Company (IBC), a US-based lithium-ion battery cell technology firm. The deal, if it goes through, is estimated to be at $10–12 million and is likely to be announced later this month, according to people familiar with the matter. This strategic investment marks Himadri's entry into the high-value battery cell manufacturing space, expanding its role from a speciality materials provider to an integrated player in the new energy ecosystem. IBC, currently valued at around $100 million, has operations in the United States and South Korea, with a 35,000-square-foot facility in the latter producing lithium-ion cells. These cells are then shipped to India for final assembly. Emails sent to Himadri and IBC seeking confirmation remained unanswered. Earlier this year, Mahanagar Gas acquired a 44per cent stake in IBC for ₹385 crore investment, forming a joint venture aimed at manufacturing and distributing lithium-ion cells in India. IBC along with MGL is in the process of setting up a 500 MWh gigafactory near Bengaluru, with operations expected to commence by December 2025. This plant will localise production, lower costs, and cater to India's rapidly expanding mobility and energy storage markets. Himadri's core business spans carbon black, speciality chemicals, and new energy materials such as anode materials, lithium iron phosphate cathode materials, and lithium refining—components that account for roughly 65per cent of a battery cell's cost. By investing in IBC, Himadri aims to boost vertical integration across the battery value chain , improving margins and positioning itself as a full-stack player in the EV and energy storage sectors.
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Business Standard
22-04-2025
- Business
- Business Standard
Himadri Specialty Chemical jumps 5% after Q4 profit rises 35% to ₹155 crore
Himadri Speciality Chemical share price: Shares of India's largest speciality carbon black maker Himadri Speciality Chemical surged over 5 per cent to hit an intraday high of ₹503.85 on Tuesday after the company reported impressive earnings figures for the March 2025 quarter (Q4FY25). At 2:25 AM, the stock was quoting at ₹484.05, up 1.04 per cent from Monday's closing price of ₹479.05. In comparison, the benchmark NSE Nifty50 was trading at 24,177.10, up 51.55 points or 0.21 per cent. Himadri Specialty Chemical Q4FY25 result update Himadri Specialty Chemical reported a consolidated net profit of ₹155.58 crore in Q4FY25, up 35.9 per cent from ₹115.16 crore in the corresponding quarter last year. However, the company's revenue fell by 3.59 per cent to ₹1,134.64 crore in the reported quarter as against ₹1,176.95 crore in the year-ago period. Earning before interest, tax, depreciation and amortisation (Ebitda) improved by a significant 29.16 per cent to ₹231.01 crore in Q4FY25 from ₹178.85 crore in Q4FY24. The company declared a dividend of ₹0.60 per share, representing 60 per cent of the face value of ₹1 per share, subject to shareholders' approval. Himadri Specialty Chemical stock price The stock was trading higher for the third consecutive session and has surged 13.5 per cent during this period. However, the stock is down nearly 27 per cent from its 52-week high of ₹688.70, which it touched on September 18, 2024. In the last three months, the stock has fallen around 4.8 per cent and surged 33.3 per cent in the last one year. About Himadri Specialty Chemical Himadri Specialty Chemical is a global speciality chemical conglomerate, primarily engaged in the manufacturing of carbon materials and chemicals. The company has a diverse product portfolio including speciality carbon black, coal tar pitch, refined naphthalene, new energy materials, SNF, speciality oils, power etc. It caters to various industries such as lithium-ion batteries, paints, plastics, tyres, aluminium, graphite electrodes, agrochemicals, defence and construction chemicals.
Business Standard
22-04-2025
- Business
- Business Standard
Himadri Speciality rises as Q4 PAT jumps 35% YoY to Rs 156 crore
Himadri Speciality Chemical added 1.67% to Rs 487 after the company's consolidated net profit climbed 35.9% to Rs 155.58 crore in Q4 FY25, compared with Rs 115.16 crore in Q4 FY24. Revenue from operations fell 3.59% YoY to Rs 1,134.64 crore in Q4 FY25. Profit before tax in Q4 FY25 stood at Rs 224.35 crore, up by 35.37% from Rs 139.10 crore in Q4 FY24. In Q4 FY24, revenue from the carbon materials and chemical segment was at Rs 1,128.57 crore (down 3.59% YoY), and revenue from the power segment came in at Rs 24.98 crore (up 21.43% YoY). For the full year, net profit rose 35.26% to Rs 555.62 crore in the year ended March 2025 as against Rs 410.77 crore during the previous year ended March 2024. Sales rose 10.22% to Rs 4,612.63 crore in the year ended March 2025 as against Rs 4,184.89 crore during the previous year ended March 2024. EBITDA stood at Rs 844 crore in FY25, registering a growth of 33%, compared with Rs 632 crore in FY24. Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical, said, We are pleased to present the financial results for the fourth quarter and full year ended FY25, which reflect a strong and sustainable performance across all key operational and financial metrics. This year has been a period of steady progress and momentum for Himadri Speciality Chemical, marked by consistent execution, strategic investments, and a deep commitment to creating long-term stakeholder value. Each quarter, we continue to set new benchmarks. Q4FY25 marked yet another highest-ever quarterly EBITDA, reaching Rs 232 crore. For the full year FY25, our sales volumes grew by 16%, reaching 5,52,206 metric tons, compared to 4,75,582 metric tons in the previous year. This volume expansion translated into a robust financial outcome, with EBITDA rising by 33% to Rs. 844 crore and profit after tax increasing by 36% to Rs. 558 crore. Our focus on financial discipline continues to reflect in the resilience of our balance sheet, with a net positive cash balance of Rs 371 crore. This strong financial footing positions us well to pursue strategic opportunities and sustain our growth trajectory. Over the past five years, the company has continued to demonstrate a robust financial performance, with revenues growing at a CAGR of 29% since FY 2021. Our EBITDA has surged at a CAGR of 60%, and PAT has increased at an unprecedented CAGR of 86%. During the same period, our sales volume has risen by 13% year on year, and our ROCE has steadily climbed to 34%. This remarkable growth story is a testament to our strategic vision and the relentless efforts of our strong techno-commercial teams. The cornerstone of this success has been Himadris commitment towards undertaking extensive R&D initiatives, coupled with its culture of sustainably producing and delivering quality products that add utmost value to its customers. We are progressing well on our key growth projects. The LFP cathode material facility remains on track, with Phase 1 expected to be operational by Q3 FY27. Our new specialty carbon black line is advancing as scheduled and is set to commence operations in Q3 FY26. Meanwhile, the high value-added specialty products line is scheduled to go live in Q2 FY27. Additionally, the Birla Tyres plant is gearing up to commence operations in phases starting in Q1 of FY26. We will begin with manufacturing in the TBB (Truck and Bus Bias) segment, and parallelly, the revamp of the PCR (Passenger Car Radial) tyre machinery is underway. This will enable us to introduce high-quality PCR tyres to the market, with a strong emphasis on catering to global demand. Meanwhile, the company board has recommended a final dividend of Rs 0.60 per equity share of Rs 1 each for the financial year 2024-25, subject to the approval of shareholders of the company. Further, the board has approved the acquisition of 100% paid-up equity share capital of Elixir Carbo (target company) for a total purchase consideration of Rs 7.50 crore in cash by way of purchase of equity shares from the existing shareholders of the target company. The board has also approved the execution of a share purchase agreement between the company, the target company, its existing shareholders, and other necessary documents regarding the aforementioned acquisition, whereby the company agrees to acquire a 100% stake in the target company. On completion of the said purchase, Elixir Carbo will become a wholly owned subsidiary (WOS) of the company. Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. It is the No. 1 coal pitch manufacturer in India and is the only company to manufacture advanced carbon material in India. It is also the largest player of naphthalene and SNF in India.
