Himadri Chemicals to Produce 2 Lakh Tons LFP Annually, Challenging China's Dominance

• Himadri Specialty Chemicals plans to produce 2 lakh metric tons of Lithium Iron Phosphate (LFP) cathode active material annually.
• This will be the only LFP manufacturing plant outside China, aiming to challenge China's lead in EV battery components.
• LFP batteries offer better cost, durability, safety, and a longer lifespan compared to traditional batteries, without cobalt or nickel.
• Market analysts have set a target price of Rs 515 for Himadri Specialty Chemicals shares in the next month, with a short-term target of Rs 650.
• The company's entry into LFP will help meet India's battery needs and supports 'Atmanirbhar Bharat', with operations starting by Q3 FY2027.