Himadri Speciality Chemical Invests AUD 1,50,00,000 in Sicona Battery Technologies for Silicon-Carbon Anode Technology

Himadri Speciality Chemical Ltd has approved an investment of AUD 1,50,00,000 (INR 81.48 Crores approximately) in Sicona Battery Technologies Pty Ltd for a 12.52% stake. The investment will be in the form of subscription to Compulsorily Convertible Notes. The Board has also approved a Technology Licensing Agreement with Sicona, granting Himadri the exclusive license to manufacture silicon-carbon anode materials in India using Sicona’s Silicon-Carbon (SiCx®) anode technology. Sicona Battery Technologies, headquartered in Australia, is a next-generation battery materials company focused on revolutionizing lithium-ion battery performance. The SiCx® anode technology delivers significantly higher energy density and improved charging capability compared to conventional graphite-based anodes.