Himadri Speciality Chemical Ltd. unveiled two downstream expansion projects worth ₹240 crore to strengthen its presence in high-value speciality materials. The company will establish India’s first carbon nanotube (CNT) manufacturing facility and simultaneously expand its super speciality carbon black (SSCB) business to cater to fast-growing global industries. The two projects are expected to support Himadri’s long-term strategy of becoming a key supplier of advanced materials for electric vehicles, electronics, aerospace and engineered plastics.
India’s First Carbon Nanotube Manufacturing Facility
As part of the expansion, Himadri will invest around ₹70 crore to set up a 200 tonnes per annum (TPA) carbon nanotube manufacturing facility in West Bengal. The plant is scheduled to be commissioned in the fourth quarter of FY27. The facility will be the first carbon nanotube manufacturing unit in India, placing Himadri among a select group of global CNT producers currently concentrated in Japan, China and Europe. Initially, the project will operate as a pilot plant. Once the technology stabilises and commercial operations are validated, the company plans to increase production capacity in line with market demand.
Indigenous Technology Developed In-House
A major highlight of the project is that the carbon nanotube technology has been developed entirely through Himadri’s in-house research and development efforts. Anurag Choudhary, CEO of Himadri Speciality Chemical, said, “We have successfully developed indigenous carbon nanotube (CNT) technology through our in-house innovation and R&D, marking another milestone in our innovation journey. Backed by a planned capex of around ₹70 crore, our upcoming 200 TPA CNT facility, targeted for commissioning in Q4 FY27 in Bengal, is expected to place Himadri among a small group of global manufacturers serving this high-growth market. This will be a pilot plant, and once stabilised, we will expand.”
Super Speciality Carbon Black Project
Alongside the CNT facility, Himadri will invest ₹170 crore in a Super Speciality Carbon Black (SSCB) project. The new facility will convert 6,000 tonnes per annum from the company’s existing production streams into premium speciality carbon black products. Commercial operations are expected to begin by the fourth quarter of FY28. The SSCB products will primarily cater to applications in engineered plastics, speciality polymers, conductive materials and other performance-driven industrial sectors.
Meeting Growing Demand for Advanced Materials
Both projects are designed to capitalise on the rapidly growing global demand for advanced materials. Carbon nanotubes possess exceptional mechanical strength, electrical conductivity and thermal performance, making them indispensable in several next-generation technologies, including lithium-ion batteries, electric vehicles, semiconductors, electronic components, sensors, conductive coatings, aerospace materials and advanced composites. With worldwide lithium-ion battery demand expected to increase sharply over the next decade, CNTs are emerging as a critical material for improving battery efficiency, durability and charging performance.
Growth Strategy and Market Outlook
Through these investments, Himadri aims to diversify beyond conventional carbon products into higher-margin speciality materials. The company expects the new businesses to play an important role in achieving its long-term financial targets. Himadri has projected revenue of ₹30,000 crore over the next five years, while targeting a net profit of ₹1,100 crore by FY28. The integrated carbon black platform, combined with indigenous CNT technology, is expected to strengthen the company’s competitive position in both domestic and international markets.
Future Growth Depends on Successful Scale-Up
The carbon nanotube facility represents a strategic milestone for India’s advanced materials sector. If the pilot plant achieves stable commercial operations, Himadri will be well-positioned to expand production and meet rising demand from electric vehicle battery manufacturers and export markets. At the same time, the SSCB project is expected to generate additional value through niche, high-margin applications, providing a balanced growth path as the company scales its new energy materials business. As reported by msn.com, with these investments, Himadri is positioning itself at the forefront of India’s emerging advanced materials ecosystem while reducing dependence on imported carbon nanotube technology.
