Himadri Speciality Chemical Limited — JV/Acquisition, 13-05-2025: Acquisition

Himadri Speciality Chemical Ltd has announced a board meeting to approve a further investment of AUD 1.5 million (approx. ₹81.48 Cr) in Australian battery materials firm Sicona Battery Technologies through compulsorily convertible notes. The deal grants Himadri exclusive licensing to manufacture Sicona’s Silicon-Carbon (SiCx®) anode tech in India, enhancing lithium-ion battery energy density by 20% and charging speed by 40%. This move strengthens Himadri’s position in India’s EV and clean energy space, boosting its growth potential in advanced battery technology.