Himadri Speciality Chemicals, a leading producer of coal tar derivatives and speciality carbon black in India, is set to make a strategic pivot into the lithium-ion battery materials sector.

The company aims to position itself as a "non-Chinese supplier" to global electric vehicle and energy storage supply chains. Himadri is investing in advanced battery technologies, including lithium iron phosphate (LFP) cathodes, anode materials, and silicon-carbon technology, while continuing to expand its coal tar-based business. Chairman and Managing Director Anurag Choudhary emphasised that while the company is diversifying, it remains committed to its coal tar business, using its revenue to fund its future ventures. 

Himadri’s transition reflects a broader trend among chemical companies aiming to improve margins, reduce dependency on commodity sectors, and move up the value chain.