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Himadri Speciality eyes Rs 628 crore investments for brownfield expansion: Report

06 Nov 2017 Evaluate

Himadri Speciality Chemical is reportedly planning to invest Rs 628 crore for brownfield expansion of its carbon black and advance carbon material units in West Bengal. The company will finalize the proportion of debt and equity for the capital expenditure within a month.

The estimated investment for scaling up its carbon black unit by 30,000 tonnes a year to 1.5 lakh tonne would be close to Rs 148 crore. The remaining Rs 480 crore (out of Rs 628 crore) would go towards 20,000 tonnes a year capacity addition at its advance carbon material unit. Its existing advance carbon plant at Falta at South 24 Parganas in West Bengal has a production capacity of 600 tonne a year.

Himadri Speciality Chemical (formerly Himadri Chemicals & Industries) is a specialty carbon manufacturer. The company is engaged in the business of manufacturing various grades of coal tar pitch and other byproducts derived during the distillation process.

Himadri Speciality Share Price

493.15 4.00 (0.82%)
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