

Himadri Specialty Chemical plans to invest Rs 4,800 crore to manufacture Lithium-ion battery components, making them the first Indian entity in this sector. The project will be funded primarily from internal accruals, and the company aims to be debt-free and cash positive by March. The facility in Odisha will focus on producing Lithium Iron Phosphate (LFP) Cathode Active Material for electric vehicle batteries.


Himadri Specialty Chemical plans to invest Rs 4,800 crore to manufacture Lithium-ion battery components, making them the first Indian entity in this sector. The project will be funded primarily from internal accruals, and the company aims to be debt-free and cash positive by March. The facility in Odisha will focus on producing Lithium Iron Phosphate (LFP) Cathode Active Material for electric vehicle batteries.
•The company's facility in Odisha will focus on producing Lithium Iron Phosphate (LFP) Cathode Active Material.
•The project will be funded primarily from internal accruals.
•Himadri aims to be debt-free and cash positive by March.
•The company aims to produce 200,000 MTPA LFP Cathode Active Material over the next five to six years.
•Himadri will sell the materials to original equipment manufacturers (OEMs) and battery cell manufacturers.
•The company does not plan to venture into Lithium-ion battery manufacturing.
•Himadri anticipates exporting the new product outside of India.
•LFP batteries offer enhanced safety, cost advantages, and a longer lifespan compared to NMC batteries.







