HSCL

Jan 13 (Reuters) - Himadri Speciality Chemical Ltd HIMD.NS:

• APPROVES 1.20 BILLION RUPEES CAPEX FOR SPECIALITY PRODUCTS FACILITY

• APPROVES INCORPORATION OF WHOLLY OWNED SUBSIDIARY IN USA

• APPROVES INCORPORATION OF SUBSIDIARY IN INDIA

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Oct 16 (Reuters) - Himadri Speciality Chemical Ltd HIMD.NS:

• SEPT-QUARTER CONSOL NET PROFIT 1.35 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 11.37 BILLION RUPEES

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July 16 (Reuters) - Himadri Speciality Chemical Ltd HIMD.NS:

• JUNE-QUARTER CONSOL NET PROFIT 1.23 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 12 BILLION RUPEES

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June 20 (Reuters) - Himadri Speciality Chemical Ltd HIMD.NS:

• HIMADRI SPECIALITY CHEMICAL - RE-APPOINTMENT OF ANURAG CHOUDHARY AS CHAIRMAN CUM MD AND CEO

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April 25 (Reuters) - Himadri Speciality Chemical Ltd HIMD.NS:

• RE-APPOINTED ANURAG CHOUDHARY AS CHAIRMAN CUM MANAGING DIRECTOR & CEO

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By Neha Arora and Aditi Shah

NEW DELHI, Feb 7 (Reuters) - SoftBank-backed Indian e-scooter maker Ola Electric is considering bidding for mining rights for lithium blocks being auctioned by the Indian government, sources said, in a move that could boost its EV battery manufacturing plans.

As part of plans to secure supplies of minerals such as lithium - a raw material used to make electric vehicle batteries - Prime Minister Narendra Modi's government late last year launched the first part of its critical minerals auctions.

Amid growing energy needs, India is trying to encourage electric vehicle production to cut greenhouse gas emissions and reduce reliance on fossil fuel imports.

Electric vehicles made up about 2% of total car sales in India of 3.9 million last fiscal year, but the government wants to grow this to 30% by 2030.

"Ola has shown interest and has put forward lots of queries around land acquisition and discovery of other minerals alongside lithium in the blocks," one of the sources said.

Ola executives have attended the auction meetings, the second source said. But the company is yet to take a final call, which depends on factors such as global prices of lithium and the viability of mining it, the second source said.

Lithium is important for Ola, as it plans to locally produce lithium-ion batteries used in electric vehicles. This would help the company vertically integrate the supply chain, the second source said.

Both sources declined to be identified as they were not authorised to talk to the media.

Ola Electric declined to comment.

Founded in 2017 in India's tech hub of Bengaluru, Ola Electric launched its e-scooters two years ago and has risen to become the market leader with over 30% market share.

In the ongoing auction, the government is likely to generate around 450 billion rupees ($5.4 billion) by auctioning 20 blocks across eight states.

Other potential bidders for lithium include Adani Enterprises ADEL.NS, Vedanta Ltd VDAN.NS, Reliance Industries RELI.NS, Himadri Chemicals, Reuters previously reported.

Dalmia Cement, UltraTech Cement and NLC India have also shown interest in the lithium blocks, one of the sources said.

The companies did not respond to emails from Reuters seeking comments.

(Reporting by Neha Arora and Aditi Shah; Additional reporting by M. Sriram; Editing by Mayank Bhardwaj and David Evans)

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** Shares of Himadri Speciality Chemical HIMD.NS rise as much as 5% to hit upper circuit at 393.50 rupees; stock pared some gains to trade up 4.1% as of 1:05 p.m. IST

** Co reported ~67% Y/Y rise in Q3 consolidated net profit, with a 1.5% increase in rev from ops

** Sales volume up 26%, while total expenses down 5.5%

** Stock up 207% in 2023, its best yearly performance since 2017

(Reporting by Ashish Chandra in Bengaluru)

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BENGALURU, Dec 6 (Reuters) - India's Himadri Speciality Chemical HIMD.NS said on Wednesday it would set up a facility to make lithium-ion battery components for an estimated project cost of 48 billion rupees. ($576.12 million).

Lithium-ion batteries, which power electric vehicles (EV) and used to store energy, are expected to play a key role in India's goal to be a net zero emitter of greenhouse gases by 2070.

The country is expected to see sales of more than 10 million EVs a year by 2030, rising more than ten fold from the last fiscal year, according to a recent annual Economic Survey.

Himadri Speciality was among at least a dozen Indian and foreign companies which participated in the government's auction this year of some newly found lithium blocks.

The plant would have a capacity of 200,000 million tonnes per annum, the company, which makes specialty chemicals for textile, oil and gas, said in a stock exchange filing.

The project cost would be borne largely from internal accruals and the balance from debt, it added.

Shares of Himadri Speciality Chemical have so far gained nearly three-fold this year.

($1 = 83.3160 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Nivedita Bhattacharjee)

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** Shares of Himadri Specialty Chemical HIMD.NS jump as much as 4.74% to a more-than-five year high of 190.95 rupees

** Specialty chemicals maker says committee of creditors has approved its insolvency resolution plan for Birla Tyres

** Resolution plan jointly submitted by HIMD and the unlisted Dalmia Bharat Refractories

** HIMD and Dalmia Bharat Refractories have accepted the letter of intent from Birla Tyres' insolvency resolution professional

** Relative strength index above 70 since August 4, suggesting stock is in overbought zone - Refinitiv data

** HIMD up ~86% in 2023 so far, including today's gains

(Reporting by Bharath Rajeswaran in Bengaluru)

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Aug 22 (Reuters) - Himadri Speciality Chemical Ltd HIMD.NS:

• RECEIVED LETTER OF INTENT FROM BIRLA TYRES SAYING RESOLUTION PLAN SUBMITTED BY CO, DALMIA BHARAT REFRACTORIES APPROVED

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July 18 (Reuters) - Himadri Speciality Chemical Ltd HIMD.NS:

• INDIA'S HIMADRI SPECIALITY CHEMICAL JUNE-QUARTER CONSOL NET PROFIT 861.5 MILLION RUPEES VERSUS PROFIT 386 MILLION RUPEES

• HIMADRI SPECIALITY CHEMICAL JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.51 BILLION RUPEES VERSUS 10.47 BILLION RUPEES

Source text for Eikon: ID:nBSE5TjNYl

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By Sarita Chaganti Singh and Neha Arora

NEW DELHI, June 14 (Reuters) - India's federal government plans to fix the rate of royalty that mining companies must pay for extracting lithium at 3% of the prices prevailing at the London Metal Exchange (LME), two government sources said.

India, which has been exploring ways to secure supplies of lithium - a critical raw material used to make electric vehicle batteries - in February found its first lithium deposits in the federally administered region of Jammu and Kashmir.

The government is expected to auction the newly found lithium blocks, with estimated reserves of 5.9 million tonnes, later this year.

At least a dozen Indian and foreign companies such as Adani Enterprises ADEL.NS, Vedanta Ltd VDAN.NS, Reliance Industries RELI.NS, Jindal Steel and Power Ltd JNSP.NS, Himadri Chemicals and Korea's LX International 001120.KS are likely to take part in the auction, said the sources, asking not to be named as the information is not public.

India's cabinet is expected to consider the proposal of fixing the rate of royalty for lithium mining at 3% of the rates prevailing at LME, they said.

The Ministry of Mines did not immediately respond to a request for comment.

The rate of royalty - to be paid to the local administration of Jammu and Kashmir - would be a major step towards the country's first auction of its lithium blocks, the sources said.

India's federal mines ministry fixes royalty rates, but the revenue goes to state governments or federally administrated territories.

India has previously used the LME benchmark to fix the royalty rate for bauxite mining, the sources said.

"We studied the royalty rates in other lithium mining countries," said one of the sources. "The royalty rates in Australia is also 3% of LME and (it) is 4.5% of LME in Argentina, Bolivia and Chile - called the lithium triangle."

India's plans to auction its lithium reserve - estimated as the seventh largest deposit - comes amid a push by major economies to secure lithium supplies.

The United States, Canada and other countries have established a new partnership aimed at securing the supply of critical minerals, including lithium.

(Reporting by Sarita Chaganti Singh, Neha Arora; editing by David Evans)

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May 31 (Reuters) - Himadri Speciality Chemical Ltd HIMD.NS:

• MADE AN INVESTMENT OF AUD 10.32 MILLION IN SICONA BATTERY TECHNOLOGIES PTY LTD

• INVESTMENT FOR ACQUIRING 12.79% SHAREHOLDING IN SICONA

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** Shares of Himadri Speciality Chemical Ltd HIMD.NS rise as much as 5.17% to 108.90 rupees, highest in nearly four years

** Rise after the carbon materials and chemicals maker posts net profit in March quarter compared to year-ago net loss

** Revenue rises 23% YoY to 10.29 bln rupees

** Co declares a dividend of 0.25 rupees per equity share, aggregating to 108.2 mln rupees for FY2023

** The relative strength index of HIMD is 77, suggesting it may be overbought

** Stock is most active in more than five months since November 17, with a trading volume of 6.82 mln shares as of 2:30 p.m. IST, nearly quadruple the 30-day avg - Refinitiv data

(Reporting by Bharath Rajeswaran in Bengaluru)

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April 28 (Reuters) - Himadri Speciality Chemical Ltd HIMD.NS:

• INDIA'S HIMADRI SPECIALITY CHEMICAL LTD MARCH-QUARTER CONSOL NET PROFIT 762.6 MILLION RUPEES VERSUS LOSS 73.1 MILLION RUPEES

• HIMADRI SPECIALITY CHEMICAL LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 10.29 BILLION RUPEES VERSUS 8.34 BILLION RUPEES

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