Black Gold to Green Tech: The Rebirth of Himadri

Himadri Speciality Chemicals, a leading Indian manufacturer of coal tar derivatives and speciality carbon black, is undertaking a strategic expansion into the lithium-ion battery materials segment.

The company plans to establish itself as a “non-Chinese supplier” for global electric vehicle and energy storage value chains. As part of this shift, Himadri is investing in advanced battery technologies, including lithium iron phosphate (LFP) cathode materials, anode materials, and silicon–carbon solutions, while continuing to scale its core coal tar–based operations. Chairman and Managing Director Anurag Choudhary highlighted that the diversification strategy will be funded through cash flows from the coal tar business, which remains central to the company’s operations.

Himadri’s move mirrors a broader industry trend, with chemical manufacturers seeking higher margins, reduced exposure to commodity cycles, and a transition toward higher value-added segments.

News by Rahul Yelligetti.