Himadri Speciality Chemicals has drawn up a growth roadmap centred on capacity expansion, margin improvement and profit acceleration, as it aims at building the materials backbone for the energy transition economy, a top company official said.
The company plans to invest ₹ ₹1,125 crore in lithium iron phosphate (LFP), ₹ ₹248 crore in Speciality chemicals, ₹ ₹70 crore in carbon nanotubes and ₹ ₹170 crore in super speciality carbon black, according to its investor presentation for the July-September quarter.
The proposed investments, involving a mix of greenfield and brownfield projects, are expected to be completed by the fourth quarter of the next financial year.
"We are building the materials backbone for the energy transition economy – driving sustainable growth for decades to come. The future will belong to the companies that can continuously reload themselves – execute, reinvest, and scale again," Himadri Speciality Chemicals Chairman and CEO Anurag Choudhary said.
The company is looking to build its business around three verticals – commodities, speciality chemicals and new energy materials – while diversifying its portfolio towards higher-value products and applications.