Himadri Speciality commences production of Carbon Black

Himadri Speciality Chemical Limited (HSCL) had intimated earlier about the capacity expansion of Carbon Black (CB) manufacturing at its Mahistikry (West Bengal) plant.

The company has announced that the commercial operations of the proposed expansion of 60,000 MTPA has commenced on January 29, 2020 and with this addition, its overall CB capacity stands increased to 180,000 MTPA.

It’s another project of advance carbon materials of 20,000 MTPA is also progressing well. Its commissioning is expected to take place in different phases, starting from H2FY20. Through this, it would increase the application of lithium-ion batteries in the sunrise sectors like Electric Vehicles (EV), Energy storage, etc.

Himadri Speciality is a significant player in multiple product segments like Coal Tar Pitch (CTP), CB, naphthalene, Sulphonated Naphthalene Formaldehyde (SNF) and speciality oils. Over the past few years, it has diversified its product portfolio by way of forward integration, which includes advance carbon material and other value-added speciality products.

On Thursday, the stock of Himadri opened at Rs 68.50, up by 1.5 per cent from its previous close of Rs 67.20 on BSE.