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Chemical major Himadri picks up 16 pc stake in US battery firm
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....hemical major Himadri picks up 16 pc stake in US battery firm<BR>PTI News<BR>Dated:- 22-5-2025<BR>PTI<BR>Kolkata, May 22 (PTI) Himadri Speciality Chemical Ltd (HSCL) on Thursday said it has made a str....
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....ategic 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....
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....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 ....
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....has prismatic 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 pro....
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....duction 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 ow....
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....ned by MGL, and the gigafactory is expected to commence operations by the fourth quarter of FY'26, the statement added. PTI BSM BDC<BR> News - Press release - PIB....