HIMADRI SPECIALITY CHEMICAL LIMITED Himadri Speciality Chemical Limited at its Board meeting held on April 25, 2024 approved brownfield expansion of a new speciality carbon black line of 70,000 MTPA (increasing the total speciality carbon black capacity to 130,000 MTPA) at an estimated capex of INR 2.20 billion which is scheduled to be operational within 18 months. Capacity addition: Existing capacity: 60,000 MTPA of Speciality Carbon Black out of total Carbon Black capacity of 180,000 MTPA. Existing capacity utilization: 92% during the financial year 2023-24.
Proposed capacity addition: 70,000 MTPA of Speciality Carbon Black, after this total Carbon Black capacity will stand increased to 250,000 MTPA (including Speciality Carbon Black of 130,000 MTPA). period within which the proposed capacity is to be added: with in 18 months. Mode of financing: Out of internal accruals /borrowings from Banks.
Rationale: To cater to future growth.
