During Tuesday’s trading session, shares of a global leader in specialty chemicals and new energy materials are in focus, after the company is in talks to enter the high-value battery cell manufacturing business by acquiring stake in a US-based lithium-ion battery cell technology firm.
With a market capitalisation of Rs. 21,922 crores, at 15:04 p.m., the shares of Himadri Speciality Chemical Limited were trading in the green at Rs. 444.05 on BSE, up by nearly 1 percent, as against its previous closing price of Rs. 440.80. The stock has delivered positive returns of around 31 percent in one year, but has fallen by over 1 percent in the last one month.
What’s the News
According to multiple sources, Himadri Speciality Chemical Limited is in advanced discussions to acquire a 10-12 percent stake in International Battery Company (IBC), a US-based firm specialising in lithium-ion battery cell technology. The transaction, estimated at around $10–12 million, is expected to be formally announced later this month. This potential investment represents a strategic move for Himadri, marking its entry into the high-value battery cell manufacturing sector.
IBC, which is currently valued at nearly $100 million, operates facilities in both the United States and South Korea. Its 35,000-square-foot South Korean plant manufactures lithium-ion cells, which are subsequently shipped to India for final assembly.
Additional Information
Himadri’s Board has approved an additional investment of ~Rs. 81.5 crores in Sicona Battery Technologies Pty Ltd, and also greenlit entering into an exclusive technology licensing partnership with Sicona, an Australian next-gen battery materials company.
The agreement grants Himadri the rights to access, localise, and commercialise Sicona’s proprietary Silicon-Carbon (SiCx) anode technology in India, widely regarded as one of the most promising advancements in lithium-ion battery performance globally.
SiCx is a transformational product that can be seamlessly integrated into existing lithium-ion battery anode formulations, offering a scalable and commercially viable path to significantly improved battery performance.
By introducing this cutting-edge innovation to India, Himadri strengthens its position as a leading player in the global clean-tech manufacturing ecosystem, capable of contributing meaningfully to the resilience and sustainability of the global battery supply chain.
Financial Performance
Himadri Speciality Chemical reported a marginal decline in its revenue from operations, showing a year-on-year fall of around 3.6 percent from Rs. 1,177 crores in Q4 FY24 to Rs. 1,135 crores in Q4 FY25. In contrast, its net profit increased during the same period from Rs. 115 crores to Rs. 155 crores, representing a growth of around 35 percent YoY.
About the Company
Himadri Speciality Chemical Limited is a global speciality chemical conglomerate primarily engaged in the business of manufacturing carbon materials and chemicals.
Its diverse product portfolio includes speciality carbon black, coal tar pitch, refined naphthalene, advanced materials, SNF, speciality oils, clean power, etc., serving various industries such as lithium-ion batteries, paints, plastics, tyres, technical rubber goods, aluminium, graphite electrodes, agrochemicals, defence and construction chemicals.
Written by Shivani Singh
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