Himadri Speciality Chemical Ltd (BSE: 500184, NSE: HSCL) has invested AUD 41.71 million (approximately USD 31.28 million) in Sicona Battery Technologies Pty Ltd as part of the first phase of a larger investment commitment, the company confirmed on Saturday, May 17, 2025. This marks the initial portion of Himadri’s planned AUD 150 million investment in Sicona, which involves the purchase of 150 million Compulsorily Convertible Notes (CCNs). The full commitment was disclosed on May 13, 2025.
The current investment of AUD 41.71 million was made in cash for the subscription of 41.71 million CCNs, each with a face value of AUD 1.00. As per the company’s statement, the total investment will be deployed in several phases over an 18-month period.
This step is in line with Himadri’s strategic objectives, which were outlined earlier this month. The company has also shared the details of this investment with stock exchanges, as required by SEBI regulations.
Sicona Battery Technologies is an Australian innovator specializing in next-generation battery materials. Headquartered in Wollongong, New South Wales, Sicona develops silicon-carbon composite anode materials—branded as SiCx®—that significantly enhance the performance of lithium-ion batteries. By leveraging abundant and cost-effective silicon metal, Sicona’s technology delivers up to a 50% increase in energy density and reduces charging times by over 40% compared to traditional graphite-only anodes. This advancement is particularly impactful for electric vehicles (EVs), offering longer range and faster charging capabilities.
Himadri Speciality Chemical Ltd is a global leader in speciality chemicals, driven by a strong emphasis on research & development, innovation, and sustainability. As a pioneer in India’s lithium-ion battery materials sector, Himadri is continuously advancing the raw materials that power the lithium-ion battery value chain.
Its diverse product portfolio includes speciality carbon black, coal tar pitch, refined naphthalene, advanced materials, SNF, speciality oils, and clean power. These products serve a wide range of industries such as lithium-ion batteries, paints, plastics, tyres, technical rubber goods, aluminium, graphite electrodes, agrochemicals, defence, and construction chemicals.
Operating across both domestic and international markets, Himadri exports to more than 54 countries worldwide. The company is firmly committed to sustainability, safety, and strong corporate governance. It operates eight zero-liquid discharge manufacturing facilities and meets 100% of its electricity requirements through in-house clean power generation. A people-first organization, Himadri is making a meaningful impact on the global chemical industry. Its growth is fueled by cutting-edge innovation, continuous R&D, and a deep commitment to creating sustainable and forward-looking solutions.
