Himadri Speciality Chemical Ltd announced two growth projects on 15 July 2026 to strengthen its speciality materials portfolio, involving combined proposed capital expenditure of approximately Rs 2.4 bn.

The company has successfully developed indigenous Carbon Nanotube technology through in-house innovation and research and development, marking another milestone in its innovation journey.

Backed by planned capex of approximately Rs 700 mn, its upcoming 200 MTPA CNT manufacturing facility is targeted for commissioning in Q4 FY27.

The facility is expected to position Himadri among a select group of global manufacturers serving the high-growth CNT market. The next-generation material has applications across lithium-ion batteries, electronics, semiconductors, conductive films, sensors, advanced composites, coatings, construction and aerospace, and is positioned to benefit from strong global demand.

Himadri is also advancing its entry into premium speciality applications through Super Speciality Carbon Black, leveraging its fully integrated carbon black platform.

Approximately 6,000 MTPA will be converted from the company’s existing carbon black stream. SSCB is expected to deliver significantly higher value realisation across niche applications such as lithium-ion batteries, engineered plastics, fabrics, fibres, coatings and conductive black.

Supported by proposed capex of approximately Rs 1.7 bn, the project is targeted for commissioning in Q4 FY28.

Himadri expects its New Energy Materials business to define the company’s next phase of growth and position it to benefit from the global energy transition.

Lithium-ion battery consumption is projected to increase from around 1.6 terawatt-hours in 2025 to nearly 6.8 terawatt-hours by 2035.

On the anode side, the company commissioned a 200 MTPA facility at Mahistikry, West Bengal, in April 2026. The facility is backed by more than a decade of in-house research and development across the complete anode technology stack.

Feedstock flexibility will enable backward integration into a self-reliant and cost-optimised value chain.

On the cathode side, Himadri is entering the Lithium Iron Phosphate Cathode Active Materials segment. LFP is the chemistry of choice for mass-market electric vehicles, buses, two-wheelers and grid storage because of its thermal stability, safety, cycle life and cost efficiency.

The company is building capabilities across the complete lab-to-commercial scale-up chain. Its 2,000 MTPA commercial capacity is targeted for commissioning in Q3 FY27.

Himadri has a long-term ambition to establish a 200,000 MTPA LFP facility, beginning with Phase I capacity of 40,000 MTPA. The company believes this will position it to capture opportunities arising from the accelerating global adoption of LFP chemistry.

Himadri’s Anthraquinone and Carbazole project remains on schedule for phased commissioning. The facility will have a total planned capacity of 5,300 MTPA.

Phase I, with a capacity of 2,600 MTPA, is targeted for commissioning in Q2 FY27. The remaining 2,700 MTPA under Phase II is targeted for commissioning in Q2 FY28.

The project is expected to reduce India’s reliance on imports in the dyes and pigments segment while expanding Himadri’s presence in high-value speciality chemicals.

Birla Tyres continued to advance its turnaround and growth strategy during Q1 FY27, recording steady progress across plant recommissioning, organisational integration and commercial operations.

The business expanded its market reach through a network of 49 distributors, comprising 40 domestic and nine international partners, and more than 1,000 dealers.

Birla Tyres also launched new tyre sizes under the AGRILEAP T40, AGRIPLUS and AGRIWIN series for agricultural applications.

The company aims to introduce nearly 400 additional stock-keeping units across agriculture, commercial vehicles, trucks and buses, and emerging segments.

It is also progressing with plans to enter the passenger car radial market, particularly in electric vehicle and SUV categories. A dedicated PCR facility is targeted for commissioning in FY28.

During the quarter, Himadri continued to strengthen its strategic investments across the battery materials ecosystem.

Sicona, in which Himadri is a strategic investor, secured AUD 45 mn in funding from the Australian Renewable Energy Agency to accelerate the commercialisation of its next-generation silicon-carbon anode technology.

Himadri also increased its stake in International Battery Company from 17.29 per cent to 19.44 per cent, reaffirming its confidence in IBC’s long-term growth potential and its commitment to the evolving battery value chain.

Himadri reported its highest-ever quarterly revenue, EBITDA and profit after tax, reflecting strong, resilient and sustainable financial performance.

On a consolidated basis, revenue stood at Rs 14.32 bn during the quarter. EBITDA reached Rs 3.13 bn, translating into an EBITDA margin of 22 per cent, while profit after tax stood at Rs 2.28 bn, representing a PAT margin of 16 per cent.

Despite the geopolitical backdrop, the company’s performance improved due to the product mix across its core businesses and the continued ramp-up in speciality materials.

The results reflect the sustained execution of Himadri’s diversification strategy, its movement up the value chain towards higher-margin, technology-intensive products and the growing traction of its global partnerships in advanced materials.

The company remains focused on scaling this momentum as it progresses towards its long-term vision of becoming a diversified, future-ready, global advanced materials and application-driven solutions company.

Himadri’s core businesses continue to provide a strong foundation for its growth journey.

In Speciality Carbon Black, the company continues to deepen its presence across high-value applications through technology-led product development, supported by its integrated value chain and expanding speciality portfolio.

In Coal Tar Pitch, Himadri continues to strengthen its market leadership through scale, reliability and export infrastructure.

The company is leveraging the world’s largest single-location, fully integrated carbon complex while expanding access to international markets.

Himadri’s transformation, sustainability performance and governance were recognised across multiple global platforms during the year.

The company secured the EcoVadis Platinum Medal for the second consecutive assessment cycle, placing it among the top 1 per cent of companies assessed globally.

Its Sustainability Report received Platinum recognition at the LACP 2025/26 Spotlight Awards, marking the company’s second consecutive win.

Himadri also received the Best Overall Sustainable Performance award at the 14th Golden Globe Tiger Awards 2026 in Kuala Lumpur.

Its continued value creation and growth journey earned it inclusion in the 2025 Burgundy Private Hurun India 500, which ranks India’s most valuable companies.

The company also received the International Safety Award 2026 – Merit from the British Safety Council in recognition of its deep-rooted safety culture.

Himadri remains focused on scaling its global advanced materials and application-driven solutions while continuing to strengthen its core businesses.

As global demand shifts towards advanced and sustainable materials, the company believes its integrated value chain, technology-led approach and disciplined execution will enable it to expand margins, deepen its competitive moat and create sustainable, long-term value for all stakeholders.

Himadri Speciality Chemical Ltd is a global speciality solutions powerhouse that has evolved from its carbon chemistry roots into a science-led enterprise driven by innovation, application diversity and resilient earnings.

The company delivers high-performance, value-added solutions across industries including lithium-ion batteries, electric mobility, paints, plastics, tyres, technical rubber goods, aluminium, graphite electrodes, agrochemicals, defence and construction chemicals. Its products are trusted across 61 countries.

Himadri’s diversified portfolio includes advanced battery materials, speciality carbon black, coal tar pitch, refined naphthalene, SNF and PCE, speciality oils and clean power solutions.