Himadri Chem OKs Rs 120cr capex for new products at Singur facility
Times of India | 14 January 2025
Kolkata: Himadri Speciality Chemical's board on Monday approved a new capex of Rs 120 crore for manufacturing new products at its Singur facility. The investment will be funded through internal accruals.
CMD and CEO Anurag Choudhary said the company reported robust performance across its portfolio of products. "Aligned with our vision to expand into high-value products, we planned a new capex for production of speciality items," he said.
"Our export portfolio is strengthening, bolstered by the commencement of our high-temperature Liquid Coal Tar Pitch export terminal at Haldia Port in Oct 2024. The Singur facility will enable us to extract high-value speciality products, including anthraquinone, carbazole and fluorene from coal tar distillates at our existing facility. Operations are expected to start within the next 18 months," Choudhary said.
According to him, these products have applications in dyes, pigments, pharma and various other industries. "This strategic move marks a significant step towards reducing import dependency and aligns with Himadri's commitment towards the vision of an Atmanirbhar Bharat," he said.
The company was also scaling up capacity at its Singur facility to enhance carbon black production. "Our speciality carbon black capacity is also set to rise, positioning us as the fourth-largest global producer in this high-value segment," Choudhary added.