Himadri Speciality Chemical Ltd (HSCL) Latest Updates

Key Developments: Investment in International Battery Company (IBC): HSCL has finalized its $4.43 million investment in the US-based International Battery Company, Inc. (IBC), acquiring a 16.24% ownership stake. This strategic investment aims to strengthen HSCL's position in the battery and energy storage sectors. The funds will be used to acquire common shares from an existing shareholder, subscribe to new common shares, and purchase Series A Preferred Shares of IBC. Lithium-Ion Battery Component Manufacturing: Himadri is making significant strides in the lithium-ion battery market. They are setting up India's first commercial Lithium Iron Phosphate (LFP) Cathode Plant in Odisha, with a substantial investment of ₹4,800 crore. This move positions them as a pioneer in producing both anode and cathode materials for lithium-ion batteries in India. Birla Tyres Acquisition: HSCL, as a strategic partner with Dalmia Bharat Refractories Ltd, has finalized the acquisition of Birla Tyres Limited. Commercial production at the Birla Tyres facility in Balasore has already commenced. Strong Financial Performance: The company has shown positive financial results. For the quarter ending March 2025, Himadri reported a Profit after Tax (PAT) of ₹158.23 crore, an increase of 11.48% from the previous quarter. Their EBIT margin also increased to 20.62%. Focus on Innovation and Sustainability: Himadri continues to emphasize research and development (R&D) and sustainable practices. They aim to innovate and develop raw materials for the lithium-ion battery value chain and focus on continuous process improvements for quality and cost leadership.