Himadri Speciality Chemical Acquires 16.24% Stake in US Battery Company for ₹37.47 Crore
Himadri Speciality Chemical Ltd has acquired a 16.24% stake in a US-based International Battery Company for USD 4.43 million (₹37.47 crore). This strategic move marks Himadri's entry into the global battery sector, aligning with growing demand for energy storage solutions. The acquisition represents a significant step in diversifying Himadri's portfolio and expanding its international presence, potentially opening new revenue streams in the high-growth battery technology sector.
21Apr 25
Himadri Speciality Chemical Reports Strong Q4 FY2023 Results with 37% Profit Surge
Himadri Speciality Chemical Limited reported robust Q4 FY2023 results with net profit rising 37.4% to ₹1.58 billion. EBITDA improved to ₹2.34 billion, with margin expanding to 20.77%. Revenue slightly decreased to ₹11.29 billion. The company announced a final dividend of ₹0.60 per share and approved acquisition of Elixir Carbo Private Limited for ₹750 million.
04Apr 25
Himadri Speciality Chemical Expands into Resource Extraction with Strategic Acquisition
Himadri Speciality Chemical Ltd is acquiring a 60% stake in Trancemarine and Confreight Logistics Private Limited for ₹4.23 crore, marking its entry into the critical and industrial minerals sector. The deal includes indirect acquisition of Sturdy Niketan Private Limited. Himadri will also provide a loan up to ₹150 crore to Sturdy Niketan for royalty payments in mineral extraction. The acquisition is expected to be completed within 10 days of signing agreements.