Himadri Speciality Chemical, a leading Carbon player is setting up two plants with cumulative total capacities of 80,000 MTPA. 

The company is setting up a specialty Carbon Black plant at West Bengal with an annual capacity of 60,000 MTPA. The plant has become operational subsequent to the end of Q3 FY20. 

The company is also setting up Advance Carbon Materials Plant of 20,000 MTPA and the plant commissioning is expected to be in phases starting from H1 FY21. 

In Q3 FY20, the company had a 27% drop in revenue and clocked Rs. 427 crores PAT also dropped 79% to reach Rs. 17 crores.     

Commenting on the results, Anurag Choudhary, MD & CEO of Himadri Speciality Chemical said, “The company has continued to maintain its market share and volume even in the challenging scenario. The volumes were maintained in the last quarter at 83,520 MT. The profitability of the company got impacted in this quarter due to pricing pressure and one offs like inventory write downs/losses and charging of advances/receivables to profit & loss account to the tune of Rs. 39 crores."

"We are glad to inform you that our speciality carbon black capacity has become operational subsequent to the end of Q3FY20. The company believes that the long-term prospects of the industry remains strong," added Choudhary. 

"I would like to reiterate that the company is taking steps in the right direction by expanding capacities in high value products which will significantly enhance the operating profit levels of the company. We continue to invest in R&D and the team is working tirelessly towards future growth avenues," said Anurag Choudhary. 

With a complete basket of carbon chain products, R&D capabilities and strong relationship with the customers, we feel Himadri continues to be at a sweet spot and expected to do well in the coming years,” commented Choudhary. 

Himadri Speciality Chemical was established in 1987, is a leading carbon corporation with one-of-its-kind vertical integration in the world with headquarters in Kolkata. The company is a market leader and significant market player in multiple product segments like Coal Tar Pitch, Carbon Black, Naphthalene and Refined Naphthalene, SNF, Speciality Oils, etc.