Hello Revisting Himadri Speciality Chemicals …
No updates n this company for a long time…
Any one following this company in the group …
Malolan…
Himadri plans to set up Rs 4,800 crore LFP cathode manufacturing plant in Odisha (moneycontrol.com)
looks like a good plan, with EV going mainstream and sourcing it locally instead of China. Might even get some PLI subsidy too down the road.
Isn’t it a risky spell for himadri entering into this segment?
Cathode materials industry is predominantly led by Chinese players, with a total requirement of 1.4 million tonnes. Himadri emphasises its intention to sell these materials to original equipment manufacturers (OEMs). Contemporary Amperex Technology Co.Limited (CATL) a chinese battery manufacturer which holds majority share in LFP (lithium phosphate battery).
Major opportunity is there for this company but if any renown Indian brand comes into picture from the same serving segment as well it can be a major threat as well.
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Well, you have to name the reknown brand and whether they have a plan for it. There’s Reliance trying with Sodium ion tech , and who else?
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HBL power is one of them which already manufactures LFP as well as NMC batteries.
read this to understand other Indian companies capex.