Himadri Speciality Chemicals, a prominent Indian chemical manufacturer, is stepping up its role in the electric vehicle (EV) ecosystem by planning to supply a crucial battery material known as lithium iron phosphate (LFP) to global EV makers and battery producers. The company, which has a longstanding footprint in speciality chemicals, is moving into advanced battery materials as demand for safer and cost-effective EV batteries surges worldwide.
Under the latest plans, Himadri is in advanced discussions to set up a large-scale manufacturing facility in Odisha that will produce LFP cathode active material. The investment for the initial phase of this project is estimated at around ₹1,125 crore, with operations expected to begin by the third quarter of the financial year 2027 (Q3 FY27). Once complete, the facility is designed to support up to 100 gigawatt-hours (GWh) of battery production over the next five years, making it one of the few such commercial plants outside China.
Industry analysts note that LFP is becoming increasingly popular among EV and battery makers because it offers greater safety and lower costs compared with some other battery chemistries. As vehicle manufacturers and battery producers look to diversify their supply chains and reduce dependency on imports — especially from China — local production of LFP could help lower battery costs and improve manufacturing resilience.
This initiative fits into Himadri’s broader strategy of expanding beyond its core speciality chemical products. The company has been building expertise in battery materials as part of a long-term shift toward supporting India’s clean-energy transition and electrified mobility. Experts say stronger domestic supply of critical battery components like LFP can strengthen both India’s EV manufacturing base and its position in global battery supply chains.
In recent years, Himadri has undertaken several strategic moves in the battery materials sector, including technology partnerships and investments aimed at enhancing its product offerings and production capabilities for advanced battery chemistries. These efforts reflect the company’s intent to become a key player in the evolving EV and energy storage market.
The planned LFP manufacturing facility in Odisha is expected to serve both domestic and international customers, aligning with broader trends in the industry where localisation of critical materials is seen as essential for securing supply chains and fostering sustainable growth in EV adoption globally.
 ecosystem.){kind=link}