Chemical major Himadri picks up 16 pc stake in US battery firm

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Chemical major Himadri picks up 16 pc stake in US battery firm
PTI News
Dated:- 22-5-2025
PTI
Kolkata, May 22 (PTI) Himadri Speciality Chemical Ltd (HSCL) on Thursday said it has made a st .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rategic investment of USD 4.43 million to acquire a 16.24 per cent stake in US-headquartered International Battery Company Inc (IBC). The investment will also provide HSCL with representation on IBC’ .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s board, the company said in a statement. “This marks a significant milestone for Himadri as it initiates the commercial deployment of its LFP cathode active and anode materials,” it said. IBC has p .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rismatic cell technologies for energy storage and mobility applications across global markets. It currently operates a 50 MWh lithium-ion battery cell facility in South Korea, which commenced producti .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on in 2023. Additionally, IBC is developing a Gigafactory in Bengaluru through its joint venture with Mahanagar Gas Ltd (MGL), a subsidiary of GAIL. The JV, IBC India Pvt Ltd, is 44 per cent owned b .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... y MGL, and the gigafactory is expected to commence operations by the fourth quarter of FY'26, the statement added. PTI BSM BDC
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X