HIMADRI SPECIALITY CHEM L

Makes carbon materials and specialty chemicals from coal tar, including coal tar pitch, specialty carbon black, battery materials (anode, LFP cathode), carbon nanotubes, anthraquinone and carbazole. The carbon materials and chemicals segment drove 92.2% of FY26 segment revenue at 4,366.94 crore. Specialty carbon black capacity stands at 250,000 MT including 130,000 MT of specialty grades across 70+ grades, and the coal tar pitch complex is a 600,000 MT single-location facility holding over 65% domestic market share. Battery materials build-out includes a 200 MTPA anode facility commissioned in April 2026, a 2,000 MTPA LFP cathode plant slated for Q3FY27, a 200 MTPA carbon nanotube unit for Q4FY27, and 6,000 MTPA of super speciality carbon black by FY28. Birla Tyres, a turnaround subsidiary selling tyres through 49 distributors and 1,000+ dealers, posted 127 crore in Q1FY27 sales with a 3,000 crore revenue target over 4-5 years. Materials made up 57.3% of FY26 revenue, employees 4.2%, other operating costs 13.0%, and capex ran at 9.6% of revenue.