iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Himadri Specialty Chemical Invests Rs 4,800 Crore in EV Battery Components

7 Dec 2023 , 11:07 AM

Himadri Specialty Chemical will invest Rs 4,800 crore to enter the manufacturing of Lithium-ion battery components, focusing on Lithium Iron Phosphate (LFP) Cathode Active Material for electric vehicle (EV) batteries.

The upcoming facility in Odisha positions Himadri as the first Indian entity in this sector, with the project primarily funded from internal accruals.

Anurag Choudhary, CMD & CEO of Himadri, expects the company to be debt-free and cash positive by March. The product is the result of a 15-year effort by the company's 150-member R&D team.

Phase I of the project, costing Rs 1,125 crore, will be 40,000 MTPA and operational in 27 to 36 months. The vision is to produce 200,000 MTPA LFP Cathode Active Material over the next five to six years.

Recognizing the crucial role of cathode materials, constituting 50-55% of cell cost, Himadri aims to tap into the growing demand, with global Cathode Material demand expected to reach 9.4 million tonnes annually by 2030.

The company plans to sell these materials to original equipment manufacturers (OEMs) and battery cell manufacturers, with an emphasis on international demand.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • EV Battery
  • Himadri Specialty Chemical
  • news
  • Odisha
  • Top News
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.


Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp