Himadri Speciality shares rise on 100 GWh battery plan

Stock ends higher after expansion plan

Himadri Speciality Chemical shares closed higher on Tuesday after the company disclosed plans to set up a large battery materials manufacturing facility focused on electric vehicle supply chains. The stock settled 0.27% higher at ₹677.35 on the NSE. During the session, it rose as much as 2.63% to an intraday high of ₹693.30, indicating quick buying interest after the headline. The plan centres on manufacturing cathode and anode materials, two critical inputs for lithium-ion batteries used in EVs. The announcement was reported by The Hindu.

What the company announced: a 100 GWh battery materials facility

The company said it plans to establish a 100 GWh battery material manufacturing facility to produce cathode and anode materials. It described these as key components used in EV batteries, linking the move directly to growing demand for electrification and advanced materials. Himadri also said it expects the proposed capacity to generate additional revenue of around ₹30,000 crore over the next five years. The company added that capital expenditure plans are being finalised. It expects to make a formal announcement in the coming weeks once those details are locked.

Why cathode and anode capacity matters

Cathode and anode materials account for a significant part of the performance and cost structure of lithium-ion batteries. For suppliers, moving into these materials typically involves higher technical requirements and tighter customer qualification processes than commodity chemical lines. The announcement positions Himadri closer to EV battery value chains rather than only upstream inputs. The market reaction on Tuesday suggests investors linked the proposal with a longer runway for growth-oriented capacity additions.

LFP cathode project plans referenced in reports

Alongside the 100 GWh plan, the broader context in recent reports points to capacity build-outs in lithium iron phosphate (LFP) cathode materials. One update referenced a 40,000 metric tonnes LFP cathode active material plant, with later commentary indicating the planned capacity was increased to 60,000 metric tonnes. Separately, another detailed plan outlined LFP Cathode Phase 1 at 40,000 MTPA, with an initial rollout of 2,000 MTPA targeted for Q3 FY27 and full operations expected by FY29. The total capital outlay for that Phase 1 project was stated at ₹1,125 crore. The long-term ambition described was a 200,000-tonne LFP cathode platform, which was linked to supporting about 100 GWh of lithium-ion batteries annually.

Earlier operational additions: anode plant and carbon black expansion

Himadri has also reported operational progress on the anode side. In an exchange filing cited in the provided material, the company said it launched operations at its first anode material production facility at Mahistikry in West Bengal’s Hooghly district, with an initial installed capacity of 200 MTA. Separately, the company communicated commencement of commercial operations for an expanded speciality carbon black line of 70,000 MTPA from 24 February 2026 at the Mahistikry site. Following that expansion, total carbon black capacity was stated at 250,000 MTPA, including speciality carbon black capacity of 130,000 MTPA at Mahistikry.

Financial and operating context investors are tracking

Some of the buying interest has also been supported by strong reported financial metrics in the supplied text. The company was cited as having its highest-ever full-year EBITDA at ₹1,006 crore and profit after tax (PAT) of ₹755 crore for FY2025-26. Quarterly revenue from operations was reported at ₹1,288 crore, up 14%. In another market update included in the source text, a sharp move in the stock was said to have added about ₹3,500 crore to market capitalisation, taking it to ₹30,624 crore at that point.

Recent price action and technical commentary

The material provided also included references to sharp price moves in recent months, including a record high of ₹718 during a rally phase. Another update described shares rising to ₹707.75 before settling at ₹700.45 on the BSE in a separate session. A technical comment in the text stated the stock had broken out from a prolonged congestion zone in mid-April 2026 and was trading in a higher-high, higher-low structure above key moving averages, supported by rising volumes. The same comment recommended a “buy on dips” approach, with the ₹650 level cited as a potential support area and an upside target of ₹725.

Partnerships and access to battery technology capabilities

The supplied text also referenced an alliance through which Himadri gains access to IBC’s battery technology capabilities. The stated access includes IBC’s R&D centre in California, a manufacturing facility in South Korea, and an upcoming gigafactory in Bengaluru. While the operational and commercial details were not provided, the linkage adds context to how Himadri could pair materials manufacturing with broader technology and qualification pathways.

Key facts at a glance

Market impact and what to watch next

For investors, the near-term focus is on what the company discloses in the “coming weeks” when it finalises capital expenditure plans for the 100 GWh proposal. The scale of the announced revenue opportunity, about ₹30,000 crore over five years, is large enough to change medium-term growth assumptions if execution milestones and customer qualifications are demonstrated. At the same time, the text indicates Himadri is taking a phased approach in battery materials, which typically aligns with qualification cycles and capital efficiency considerations. The next formal announcement on capex and project structuring is likely to be the key trigger for further market reassessment.