Himadri Speciality Chemical Ltd is in advanced discussions to acquire a 10–12% stake in International Battery Company (IBC), a US-based lithium-ion battery cell technology firm. The parties are likely to finalize and announce the deal, valued between $10–12 million, later this month. The strategic investment would enable Himadri to expand its footprint in global markets and deepen its role within the emerging new energy ecosystem.
Expanding Global Reach Through IBC
IBC, currently valued at around $100 million, operates out of the US and South Korea, where it maintains a 35,000 sq. ft. lithium-ion cell production facility. As part of its India-focused strategy, IBC—along with its investors—is setting up a 500 MWh gigafactory near Bengaluru. This move aims to localize battery manufacturing, reduce costs, and support India’s growing demand for clean mobility and energy storage solutions.
Deepening Supply Chain Ties
Himadri already supplies anode and cathode materials to IBC, positioning this investment as a natural progression in their business relationship. The new stake would strengthen vertical integration and give Himadri closer access to downstream battery technologies and markets.
Pioneering LFP Manufacturing Outside China
In a parallel initiative, Himadri recently announced plans to establish a phased manufacturing facility. It will produce 200 million tons of lithium iron phosphate (LFP) annually. It is equivalent to 100 GWh of lithium-ion batteries. The project, slated for completion over five to six years. It would represent the first LFP facility outside of China, marking a significant milestone in India’s quest for battery self-reliance.
Powering the Future of Energy
By investing in IBC and scaling up LFP production, Himadri is positioning itself at the forefront of India’s energy transition. As reported by manufacturingtodayindia.com, the company aims to be a key enabler in electrification, sustainable mobility, and grid-scale energy storage. This comes as India and the world pivot towards a low-carbon future.
