Birla Tyres Ltd., partially owned by Kolkata-based Himadri Speciality Chemical—India’s leading speciality carbon black producer—plans to restart production at its Balasore facility by FY26. Himadri, along with Dalmia Bharat Refractories, acquired Birla Tyres during its corporate insolvency resolution process for ₹306 crore. The Kolkata bench of the National Company Law Tribunal (NCLT) approved the acquisition plan for the BK Birla group firm in October of last year.
According to Anurag Choudhary, CMD & CEO, Himadri Speciality Chemical, Himadri and Dalmia Bharat Refractories are considering additional capital investments for the modernization and upgrade of the Balasore plant. “We haven’t finalized the amount for this additional expenditure yet, but we aim to make a decision within the next six months,” Choudhary mentioned.
He emphasized the need for modernization, stating, “The Balasore plant is quite old and currently inactive. We anticipate that production activities will resume in the next financial year. The plant has a current daily capacity of around 400 tonnes, but we first need to fully utilize that capacity, which will take time.”
Himadri Speciality Chemical maintains a robust balance sheet with a positive cash reserve of ₹255 crore, providing them the ability to expand further. “This strong financial position enables us to manage capital deployment effectively and maintain efficient working capital,” Choudhary added.
In the second quarter of this fiscal year, the company’s consolidated net profit increased by 34.86% year-on-year to ₹135.70 crore, while revenue rose by 13.18% to ₹1,136.92 crore. The company also completed its inaugural export shipment of liquid coal tar pitch in October, marking its entry into the global liquid coal tar pitch market.
Choudhary noted, “We have begun exporting liquid coal tar pitch, which is a significant achievement for us. Our shipments will target markets in the Middle East, Australia, and South Africa.”Himadri Speciality Chemical Ltd. is a leading Indian chemical company known for its advanced carbon products and innovative chemical solutions. Established in 1987, the company has grown to become one of the largest manufacturers of coal tar pitch in India, catering primarily to the aluminum and graphite industries.
Himadri’s diverse product portfolio includes carbon black, naphthalene derivatives, advanced carbon materials, and specialized chemicals used in various industrial applications such as batteries, tires, and construction.
With a strong focus on research and development, Himadri continues to innovate, particularly in the development of materials for energy storage and electric vehicles. Its state-of-the-art manufacturing facilities and commitment to sustainability have helped the company build a robust presence both in India and internationally.
