Himadri Speciality Chemical Charts Ambitious Future with Rs 368 Cr Capex, Pioneers India’s First CNT Facility
Himadri Speciality Chemical Limited (HSCL) has approved a ₹368 crore capital expenditure (capex) plan to expand its specialty chemicals portfolio and strengthen its presence in high-growth advanced materials. The investment, approved by the company’s Board of Directors on July 15, 2026, will be funded primarily through internal accruals.
Alongside approving its unaudited financial results for the quarter ended June 30, 2026, the company unveiled a series of strategic projects aimed at increasing production capacity and entering new technology-driven markets.
₹368 Crore Capex to Drive Future Growth
The approved investment covers capacity expansion in existing products and the development of advanced materials for emerging industries such as electric vehicles, electronics, engineering plastics, and composites.
Key Investment Highlights
- Total Approved Capex: ₹368 crore
- Funding Source: Primarily internal accruals
Anthraquinone and Carbazole Capacity to Double
Himadri has approved an additional investment of ₹128 crore to expand its Anthraquinone and Carbazole manufacturing facilities.
Following the expansion:
- Total Project Cost: ₹248 crore
- Production Capacity: Increase from 2,600 MTPA to 5,300 MTPA
- Expected Commissioning: Q2 FY28
The expanded capacity is expected to support growing demand for specialty chemical intermediates across domestic and international markets.
India’s First Carbon Nanotubes Manufacturing Facility
One of the most significant announcements is the establishment of India’s first Carbon Nanotubes (CNT) manufacturing facility.
The company will invest ₹70 crore to build the plant in West Bengal, using technology developed in-house.
Project Details
- Investment: ₹70 crore
- Annual Capacity: 200 metric tonnes
- Expected Commissioning: Q4 FY27
Carbon Nano Tubes are advanced materials used in:
- Electric vehicle batteries
- Electronics
- Conductive materials
- Composite products
- Energy storage applications
The project supports the Government of India’s Atmanirbhar Bharat initiative by reducing dependence on imported advanced materials.
Super Specialty Carbon Black Facility
Himadri also approved an investment of ₹170 crore to establish a new Super Speciality Carbon Black (SSCB) manufacturing facility.
Key Details
- Investment: ₹170 crore
- Capacity: 6,000 MTPA
- Expected Commissioning: Q4 FY28
The facility will manufacture high-purity specialty carbon black for applications including:
- Engineering plastics
- Electric vehicle components
- Fibre industry
- High-performance industrial products
The company stated that the project will enhance its specialty product portfolio while maintaining its existing overall carbon black production capacity.