Himadri Speciality acquires 16% stake in US battery firm International Battery Company; check details

The investment will also provide HSCL with representation on IBC’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 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 production in 2023.

Commenting on the partnership, Anurag Choudhary, CMD & CEO, Himadri Speciality Chemical Ltd, said, “We are pleased to announce our strategic investment of USD 4.43 million (approx. ₹ 37.47 crore) for a 16.24% stake in IBC, a trailblazer in next-generation battery technologies. This partnership marks a pivotal step in Himadri’s global clean-tech strategy and our entry into the LiB component materials market."

The CEO added, "Anode and cathode materials are the most critical components of a lithium-ion cell, accounting for nearly 65% of its total cost and directly influencing its performance and reliability. Our advanced materials—jointly tested with IBC—have demonstrated outstanding results, fulfilling their stringent requirements for high-performance battery manufacturing."

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% owned by MGL, and the gigafactory is expected to commence operations by the fourth quarter of FY26, the statement added.

Corporate Action

As per the BSE, shares will trade ex-dividend today, i.e., May 23, 2025. The company had announced a dividend of ₹0.60 per share.

Himadri Speciality Chemical stock performance

BSE data show that the stock has rallied 5.40% in the past one week, and 10.98% in the past two weeks.