Himadri Speciality Chemical to set up Rs. 4,800 crore Lithium-ion battery components production facility
Battery

Himadri Speciality Chemical to set up Rs. 4,800 crore Lithium-ion battery components production facility

Total annual production capacity of the plant will be 200,000 MT

  • By ICN Bureau | December 06, 2023

The Board of Directors of Himadri Speciality Chemical Ltd at its' meeting held on 5 December 2023, has considered and approved setting up of the manufacturing facility for the production of Lithium-ion Battery (LiB) components with total annual production capacity of 200,000 MT either directly and/or through its subsidiaries with an estimated project cost of Rs. 4,800 Crores in phases over a period of 5 to 6 years.

This investment will be made largely from internal accruals and balance from debt.

In May this year, Himadri announced its investment of AU$ 10.32 million in Sydney-based innovative Australian startup Sicona Battery Technologies. Sicona specialises in high-capacity silicon anode technology for lithium-ion batteries.


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