Himadri Speciality Chemical Ltd to set up Lithium-ion Battery components production facility

The Board of Directors of Himadri Speciality Chemical Ltd at its' meeting held on 5 December 2023, has considered and approved setting up of the Manufacturing facility for the production of Lithium-ion Battery (LiB) components with total annual production capacity of 200,000 MT either directly and/or through its subsidiaries with an estimated project cost of Rs. 4,800 Crores in phases over a period of 5 to 6 years. This investment will be made largely from internal accruals and balance from debt.

Shares of Himadri Speciality Chemical Limited was last trading in BSE at Rs. 290.70 as compared to the previous close of Rs. 272.10. The total number of shares traded during the day was 854462 in over 16878 trades.

The stock hit an intraday high of Rs. 294.00 and intraday low of 268.55. The net turnover during the day was Rs. 242318776.00.

Source : Equity Bulls

Keywords

HimadriSpecialityChemical INE019C01026 ManufacturingFacility Lithiumion BatteryComponents