Himadri Speciality Chemical Commences First Anode Material Production Facility
Himadri Speciality Chemical Limited has announced the commencement of operations at its first anode material production facility located in Mahistikry, Hooghly, West Bengal. This milestone is a significant development in the company's push into Lithium-ion battery (LiB) components, building upon earlier communication regarding a total annual production capacity of 200,000 MT.The newly operational facility at Mahistikry has an initial installed capacity of 200 MTPA. The establishment of this facility marks the successful culmination of over 10 years of dedicated in-house research and development by the company.
The development covers the entire anode technology value chain, spanning from raw material processing to the production of finished anode material. This advanced capability strengthens the company's position in sophisticated battery materials.
The company's specialized process has been engineered to accommodate alternative raw material feeds, ensuring both scalability and long-term resilience as market demands shift.
This strategic expansion is designed to align Himadri Speciality Chemical Limited with the accelerating global demand originating from electric vehicles (EVs) and energy storage systems. The increased capacity is expected to further reinforce the company's product portfolio, contributing positively to its production capabilities and revenue growth moving forward.
HSCL Stock Price Movement
Today, Himadri Speciality Chemical Limited shares surged, closing at ₹536.2, after gaining 2.85% from the previous session's close. The stock saw significant buying interest, trading on 3.98 million shares and hitting an intraday high of ₹538.2, moving closer to its 52-week peak.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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