Himadri Speciality Chemical looking to capitalise on growth opportunities in the lithium-ion batteries industry.

Himadri Speciality Chemical Ltd. is looking to capitalise on emerging growth opportunities in the lithium-ion batteries (LiB) industry and has outlined its expansion strategy concerning the business segments that deal with the segment. Apart from this, the company intends to continue investing in each of its business segments to drive growth momentum.

The ₹4,172 crore Himadri, which has been reducing its long-term debt over the last few quarters, is well-positioned to record future expansion in high-growth segments, backed by its sound financial health and sustained demand for some of its core products, it said in the latest annual report (2023).

“At Himadri, we have a steadfast belief in the growth potential of the LiB segment in India. We are gearing up to address a part of the global demand by building the crucial supply chain necessary for LiBs in the future by unlocking opportunities in these sunrise sectors. This is also a step forward to developing a sustainable and growth-focused business,” the annual report 2023 said.

HBL