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.