Himadri Chemicals and Industries has decided to hive off its carbon black division.
The move emanates from the company's efforts to put in a sharper focus on the division and help it expand. The new entity - Himadri e-Carbon - will be a wholly owned subsidiary of Himadri Chemicals. The company intends to ramp up carbon black manufacturing capacity by over 60 per cent in the next two to three years at an investment of around Rs 400 crore.