News from Notch Consulting, Inc.

November 11, 2017

Himadri Speciality looks to invest ₹628 crore for brownfield expansion

Filed under: Carbon Black — Notch @ 5:22 pm

Himadri Speciality Chemical Ltd, a Kolkata-based integrated specialty carbon company, is looking to invest ₹628 crore for brownfield expansion of its carbon black and advance carbon material units in West Bengal.

According to Anurag Choudhary, CEO, Himadri Speciality, the details regarding the proportion of debt and equity for the capital expenditure would be finalised within a month.

The estimated investment for scaling up its carbon black unit by 30,000 tons a year to 1.5 lakh ton would be close to ₹148 crore. The remaining ₹480 crore (out of ₹628 crore) would go towards 20,000 tons a year capacity addition at its advance carbon material unit.

Referenced article found here.

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