Project News Detail
| Project No : | 206407 |
|---|---|
| Project Title : | Himadri Speciality Chemicals targets growth by FY28 , expand across chemicals, EV materials |
| Company Name : | Private Company |
| Project Detail : | Himadri Speciality Chemicals has outlined a strategic roadmap built on three core pillars to more than double its profitability by FY28, leveraging recent investments and innovation-driven growth. The company is focusing on expanding its speciality carbon black capacity, strengthening its chemicals portfolio, and entering high-growth segments such as electric vehicle materials and tyres. In FY27, Himadri aims to achieve full-year utilisation of its expanded carbon black capacity while ramping up operations of Birla Tyres, including entry into high-margin off-highway tyres (OHT) and commercial vehicle segments. The company is also pursuing forward integration in its chemicals business with new anthraquinone and carbazole facilities, expected to reduce India’s dependence on imports in dyes and pigments. Additionally, Himadri plans to operationalise its lithium iron phosphate (LFP) cathode material plant by Q3/FY27, positioning itself in the EV supply chain. Growth will also be driven by scaling its Durofresh naphthalene brand. By FY28, full capacity utilisation across segments, including passenger car radial tyres and EV-focused products, is expected to significantly boost revenues and returns. |
| Project Location : | Multi Location (Multi State) - Multi State - India |
| Project Estimation : | Refer Document |
| Status : | Announced |