Himadri Speciality Chemical prepares a phased capital investment of over ₹3,000 crore to expand its role in India’s electric-vehicle supply chain, focusing on lithium-ion battery materials, carbon nanotubes, and super-specialty carbon black, aiming for a ₹30,000 crore revenue target within six years.
Himadri Speciality Chemical is stepping up its push into battery materials with a phased capital spending plan that could lift its role in India’s electric-vehicle supply chain and broaden its business beyond traditional carbon products. According to Business Standard, the group is preparing to invest about ₹1,300 crore over the next year, followed by roughly ₹1,500 crore in the following year, as it builds capacity across lithium-ion battery materials and other advanced carbon applications.
At the centre of the strategy is lithium iron phosphate, or LFP, a cathode material widely used in batteries for electric vehicles and energy storage. The company has already committed ₹1,125 crore to the project, while also allocating ₹170 crore to super-specialty carbon black and ₹70 crore to carbon nanotubes, according to the summaries provided. Himadri chairman, managing director and chief executive Anurag Choudhary said the company is developing what it describes as India’s first commercial carbon nanotube facility, underscoring a move into higher-value materials rather than relying solely on its core carbon business.
The carbon nanotube project is expected to be built in Bengal with an investment of about ₹70 crore and a capacity of 200 tonnes a year, The Times of India reported. The paper said the plant is targeted for commissioning in the fourth quarter of FY27. It also reported that Himadri plans to reconfigure about 6,000 tonnes a year of existing output into super-specialty carbon black, with that unit due by the fourth quarter of FY28. The Financial Express separately put the combined CNT and super-specialty carbon black investment at about ₹240 crore.
The wider plan reflects the industrial logic of India’s battery localisation drive, which is aimed at reducing dependence on imported materials, particularly from China. Himadri says it wants to serve domestic cell makers as well as overseas buyers seeking alternatives to established suppliers. The company has also set a target of ₹30,000 crore in battery chemicals revenue over six years, according to Economic Times Chemicals, a goal that would require continued capacity expansion, partnerships and execution across several parts of the battery value chain. Himadri’s own materials describe it as a speciality chemical company with a growing presence in lithium-ion battery anode materials, speciality carbon black and other new energy products.
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