In a decisive move aligned with its vision for sustainable innovation, Himadri Speciality Chemical Ltd (HSCL) has undertaken a dual initiative to expand its role in the advanced energy sector. The company has not only approved a significant investment in Sicona Battery Technologies, an Australian innovator in battery materials, but also entered into a landmark technology licensing agreement.
This development reflects Himadri’s strategic intent to accelerate India's transition to clean energy, particularly through high-performance battery solutions for electric vehicles and renewable systems.
In a significant development, Himadri Speciality Chemical Ltd (HSCL) has approved a cash investment of AU$15 million (approximately ₹81.48 crores) in Sicona Battery Technologies Pty Ltd.
This investment will be executed over a period of 18 months in the form of Compulsorily Convertible Notes (CCNs). Sicona, an Australian next-generation battery materials company, is renowned for its proprietary Silicon-Carbon (SiCx®) anode technology that enhances lithium-ion battery performance.
This strategic move demonstrates Himadri’s commitment to advancing clean energy solutions. The company has previously invested in Sicona, holding preference shares representing a 12.52% stake and 900,000 CCNs. The transaction does not qualify as a related party transaction under SEBI Listing Regulations.
Himadri has also entered into a Technology Licensing Agreement with Sicona, granting it exclusive rights to manufacture silicon-carbon anode materials in India using Sicona’s SiCx® technology. This collaboration is aimed at meeting the growing domestic demand for high-performance battery components in electric vehicles and renewable energy systems.
The SiCx material, when blended with traditional graphite in proportions of 5–20%, offers up to 20% higher energy density and 40% faster charging speeds. This can significantly extend the range and reduce charging times for electric vehicles, directly addressing two key consumer concerns. The move enables Himadri to position India as a major player in the global clean-tech manufacturing sector, enhancing the resilience and sustainability of the battery supply chain.
Read More: Himadri Speciality to Buy 60% of Trancemarine to Scale Up Critical Minerals Business.
As of May 13, 2025, at 2:20 PM, Himadri Speciality Chemical share price is trading at ₹443.50 per share, a surge of 0.65% from the previous closing price. Over the past month, the stock has declined by 1.33%.
Himadri’s investment and licensing partnership with Sicona marks a pivotal step towards its goal of leading India’s transition to advanced energy solutions. By leveraging cutting-edge anode technology, the company is poised to drive innovation in the electric mobility and energy storage space.
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Published on: May 13, 2025, 4:03 PM IST
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