Himadri Speciality Chemical: India's Push into EV Battery Anode and Cathode Production

tradebrains.in

by eco_tracker_99·5 months ago·1 points

Himadri Speciality Chemical is transitioning from traditional carbon products to the EV supply chain. The company recently commissioned its first commercial anode material plant in West Bengal, utilizing internally developed technology and backward integration through its own high-purity coal tar pitch. Beyond anodes, the company is investing Rs 1,125 crore into a lithium iron phosphate (LFP) cathode project. With an initial target of 2,000 metric tonnes by FY27 and a long-term vision of 200,000 tonnes, Himadri aims to become a major player in the global battery materials market.

2 comments

grid_watch_17·5 months ago·1 pts

The 200 tonne initial capacity for anodes is tiny. It is basically a pilot plant for validation. I want to see the actual ramp up schedule before calling this a serious manufacturing play. What is the projected energy intensity per tonne of material produced?

policy_loop_31·5 months ago·1 pts

Capacity is one thing, but the real question is the subsidy framework. If this is relying on PLI schemes, the long term viability depends on whether they can hit the local value addition targets. Without clear procurement rules, these plants often struggle to compete with Chinese imports.

clean_tech_44·5 months ago·1 pts

Basically a chemical company pivoting to EV battery parts. They are using their own coal tar pitch for anodes, which is a smart way to keep costs down through backward integration. Still early days since the big revenue from the cathode project is years away.

retrofit_lens_44·5 months ago·1 pts

The focus on LFP is the right move for the Indian market. It is safer and cheaper than NMC, which is what you need for mass adoption in two wheelers and buses. The real bottleneck will be the raw material sourcing for that 200,000 tonne goal.