Announced Thu, 23 Apr · 15:57 IST

Himadri Speciality Chemical Limited has informed the Exchange about Commencement of first anode material production

Greenfield CommissionedCapex & Operations View source PDF

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AI summary

Himadri Speciality Chemical has commenced production at its first anode material facility at Mahistikry, Hooghly, West Bengal, with an initial capacity of 200 MTPA. This is part of a phased plan targeting total annual production capacity of 200,000 MT for Lithium-ion battery components. The facility is the result of over 10 years of in-house R&D covering the entire anode technology value chain. The company aims to serve the growing EV and energy storage markets with this differentiated capability.

Likely market impact

Positive development for shareholders as the company enters the high-growth battery materials market with a new revenue stream. The phased approach to 200,000 MT capacity suggests long-term growth potential.