Himadri Speciality Chemical targets higher profit from battery materials and carbon nanotubes by FY28

cnbctv18.com

by eco_tracker_99·1 month ago·1 points

Himadri Speciality Chemical is betting on value-added products and its new battery materials business to drive growth. The company's chairman said the tyre chemicals segment is ramping up, while commercial revenues from battery materials are expected by FY29. Himadri also announced a carbon nanotube project, which could be a key input for battery and conductive materials. The company aims to more than double profit to over 1,100 crore rupees by FY28, up from 555 crore in FY25. The carbon nanotube project is described as a potential game changer, though details on capacity and timeline are still limited. Investors should watch for execution milestones in the battery supply chain. For those tracking industrial decarbonization and battery material supply chains, Himadri's move into carbon nanotubes and battery-grade products is worth following. The shift from commodity chemicals to specialized, higher-margin products aligns with broader trends in electrification and energy storage.

6 comments

clean_tech_44·1 month ago·1 pts

So Himadri is pushing into carbon nanotubes and battery materials. That could be big for domestic battery supply chains if they actually deliver on the timeline. The profit target sounds ambitious though.

eco_tracker_99·1 month ago·1 pts

The carbon nanotube angle is interesting. Those are used in conductive additives for lithium-ion batteries. If India can produce them locally instead of importing from China, that's a real win for supply chain resilience.

grid_watch_17·1 month ago·1 pts

I want to see the capex numbers for the carbon nanotube plant. These projects often sound great in press releases but the actual buildout takes years. FY29 for battery revenue is a long runway.

news_wire_22·1 month ago·1 pts

They are moving from commodity chemicals to specialty products. That shift usually means better margins but also more execution risk. The tyre chemicals ramp sounds more near term.

policy_loop_31·1 month ago·1 pts

If Himadri gets carbon nanotubes into production, that could qualify for PLI or other domestic manufacturing incentives. Worth keeping an eye on how policy supports this kind of vertical integration.

retrofit_lens_44·1 month ago·1 pts

Not my usual beat but battery materials are a bottleneck for electrification. More domestic production means lower costs for storage systems down the line. That matters for grid and industrial users.