Himadri Speciality Chemical is making a strategic shift towards battery materials and speciality chemicals to drive its next phase of growth. CEO & CMD Anurag Choudhary emphasized that the move aligns with India’s shift from a consumer market. He added it supports India becoming a global supply chain hub for electric vehicles (EVs).
Pioneering Lithium-Iron Phosphate (LFP) Production
Himadri is set to become the first manufacturer of lithium iron phosphate (LFP) cathode material outside China with its upcoming 2,00,000 MTPA plant. It highlights India’s rise in the clean-tech value chain. This milestone positions the company at the forefront of the EV battery materials sector.
Government Support Accelerates Expansion
Supportive government initiatives, including the PM E-Drive Scheme, EV30@30, and the National Programme on Advanced Chemistry Cell (ACC), are boosting demand. These policies are also attracting global investments. Leveraging these policies, Himadri aims to transition India from an EV battery assembler to a key exporter of battery components within five years. It reinforces its role in the global clean energy ecosystem.
Strengthening Footprint in Advanced Batteries
Himadri’s 16.24% stake in International Battery Company (IBC) further strengthens its foothold in advanced battery materials. It enables the company to capitalize on the growing EV and energy storage markets.
Driving India’s Clean Energy Future
Projectstoday.com reports that Himadri Speciality Chemical is accelerating India’s EV and clean energy journey through a strategic pivot. The company combines innovation, investment, and expertise to emerge as a global leader in battery materials.
