Himadri Speciality Chemical Increases Stake in International Battery Company to 20.47%

Himadri Speciality Chemical Increases Stake in International Battery Company to 20.47%​

Himadri Speciality Chemical Ltd has reinforced its commitment to advanced battery technologies through a significant investment into International Battery Company, Inc. (IBC), a U.S.-headquartered developer and manufacturer of chemistry-agnostic prismatic Lithium-ion cells. The investment moves the company's stake in IBC from 17.29% to 20.47%.

The increased financial commitment reflects the progress made over the past year within the partnership, confirming Himadri’s confidence in IBC’s technology platform and its growth trajectory.

Through the latest investment of USD 0.66 million, Himadri has enhanced its total aggregated investment in IBC. Previously holding a 17.29% stake on a fully diluted basis, Himadri's combined holding now stands at 20.47% on a fully diluted basis, encompassing both common and preferred stock.

This strategic collaboration is set to support the commercial deployment of Himadri’s Lithium Iron Phosphate (LFP) Cathode Active Materials and advanced Anode Materials. The alliance provides Himadri with crucial access to IBC's global capabilities, including its R&D center in California, a manufacturing facility in South Korea, and the upcoming Gigafactory planned for Bengaluru, India.

The partnership offers distinct strategic benefits to both organizations. For Himadri, the collaboration strengthens its downstream integration within the battery value chain by leveraging cutting-edge technology from IBC. This allows Himadri to accelerate the transition of its cathode and anode materials from laboratory development into real-world applications.

Concurrently, IBC gains reliable access to a consistent supply of high-quality cathode and anode materials necessary for critical battery performance, safety, and cost competitiveness. IBC also benefits from Himadri’s extensive expertise in global market reach, manufacturing excellence, and materials science.


Anurag Choudhary, CMD and CEO of Himadri Speciality Chemical Ltd., commented on the development, noting that the decision was based on tangible progress, including successful validation of their battery materials and advancement in next-generation cell development programs. He stated that the collaboration supports the commercialization of their battery material portfolio and strengthens Himadri's position across the global battery value chain.

The increased partnership is expected to drive the development and deployment of sustainable energy storage solutions. Together, Himadri and IBC are positioned to meet the rising demand for high-performance, scalable, and sustainable energy storage applications in mobility and grid storage.

Himadri Speciality Chemical Ltd operates as a global speciality solutions powerhouse with products trusted across 61 countries. The company’s diversified portfolio includes advanced battery materials, specialty carbon black, refined naphthalene, tyres, and various construction chemicals. As an early pioneer in lithium-ion battery materials in India, Himadri focuses on providing customized solutions and maintaining sustainability through operating eight zeroliquid-discharge manufacturing facilities and meeting 100% of its electrical energy requirements via in-house clean power generation.

HSCL Stock Price Movement​

Today, shares of Himadri Speciality Chemical Limited shed 2.59%, concluding trading at ₹671.05 after dropping by ₹17.90 from the previous close. The stock traded within a range spanning from ₹665.60 to ₹699.95, with a total volume of 13.85 million shares recorded today.