Himadri Speciality Chemical to invest Rs 5,000 crore in Andhra Pradesh
Kolkata-based Himadri Speciality Chemical has plans to invest over Rs ?5,000 crore in Andhra Pradesh. The firm is undertaking a Rs 2,800 crore capital expenditure (CAPEX) programme to expand its battery chemicals and advanced materials operations. It also aims to establish facilities for lithium-ion battery materials by FY28.
The company has earmarked Rs 240 crore for advanced materials and battery precursors; of this, Rs 70 crore is for a 200-tonne-per-annum (TPA) carbon nanotube plant using in-house technology. Rs 170 crore will be used to convert existing capacity to produce 6,000 TPA of speciality carbon black.
Among other things, the firm is also expanding its lithium iron phosphate (LFP) cathode business, with an initial capacity of 2,000 TPA planned for the third quarter of FY27.
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