Himadri Speciality Chemicals, a major Indian chemical maker, is advancing plans to supply lithium iron phosphate (LFP) an important material used in electric vehicle (EV) batteries to battery makers and EV manufacturers around the world. The company is in advanced talks with global EV players and battery producers to supply this material as demand for safer and lower‑cost battery solutions grows.
What the Company Plans
Under the discussions, Himadri plans to build a large LFP cathode active material manufacturing facility in Odisha with an investment of about ₹1,125 crore. This facility will produce LFP used in lithium‑ion battery cells, starting with an initial capacity designed to support up to 100 gigawatt‑hours (GWh) of battery production over the next five years. The first phase of the plant is expected to become operational by the third quarter of the financial year 2027 (Q3 FY27).
Company announcements say that once it is up and running, the Odisha facility will be one of the few places outside of China that makes LFP for commercial use. This will make Himadri a key supplier in the global EV battery supply chain.
Why This Matters for EV Makers
LFP is a popular cathode material for electric vehicle batteries because it is thought to be safer and cheaper than some other battery chemistries. As EV makers try to cut down on their reliance on imports and find new sources of LFP outside of China, making LFP in the US could help lower battery costs and improve local manufacturing.
Broader Industry Context
This step is part of Himadri’s bigger plan to grow beyond its usual specialty chemical products and get a stronger foothold in the EV battery value chain. Analysts say that more LFP supply in India could help both local EV makers and global battery makers as demand for electric mobility solutions grows.
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