Himadri Speciality Chemical shines on receiving approval to set up manufacturing facility for production of LiB components
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Himadri Speciality Chemical is currently trading at Rs. 300.45, up by 9.75 points or 3.35% from its previous closing of Rs. 290.70 on the BSE.
The scrip opened at Rs. 304.55 and has touched a high and low of Rs. 307.10 and Rs. 300.00 respectively. So far 99425 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 307.10 on 06-Dec-2023 and a 52 week low of Rs. 80.20 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 307.10 and Rs. 249.30 respectively. The current market cap of the company is Rs. 12810.99 crore.
The promoters holding in the company stood at 44.86%, while Institutions and Non-Institutions held 5.62% and 49.52% respectively.
Himadri Speciality Chemical has received approval for setting up of the manufacturing facility for the production of Lithium-ion Battery (LiB) components with total annual production capacity of 200,000 MT either directly and/or through its subsidiaries with an estimated project cost of Rs 4,800 crore in phases over a period of 5 to 6 years. This investment will be made largely from internal accruals and balance from debt.
The Board of Directors of the Company at its’ meeting held on December 05, 2023, inter-alia has considered and approved the same.
Himadri Speciality Chemical is primarily engaged in the manufacturing of carbon materials and chemicals. The company has operations in India and caters to both domestic and international markets.
