Key Highlights
- Experts highlight that the company's plans to enter the lithium-ion battery materials and advanced chemicals business could be a major growth driver for it.
- Himadri is India's largest producer of coal tar derivatives and speciality carbon black.
- Experts say its foray into the new areas will make it India’s largest supplier to global electric vehicle and energy storage supply chains.
- “The expansion is being done by organically expanding the current businesses and using the cash from those to invest in new businesses,” Anurag Choudhary, chairman and managing director, Himadri Speciality Chemicals, said.
- “Our focus is on speciality carbon black, used in plastics, coatings, cables, inks and lithium-ion batteries,” he added.
