Moneycontrol
Get App
SENSEX NIFTY
you are here:

Himadri Speciality Chemical Ltd.

BSE: 500184 | NSE: HSCL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE019C01026 | SECTOR: Chemicals

BSE Live

Mar 30, 16:00
28.95 -1.55 (-5.08%)
Volume
AVERAGE VOLUME
5-Day
71,694
10-Day
72,333
30-Day
96,425
76,296
  • Prev. Close

    30.50

  • Open Price

    29.60

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Mar 30, 15:54
29.15 -1.35 (-4.43%)
Volume
AVERAGE VOLUME
5-Day
696,997
10-Day
677,149
30-Day
874,477
483,635
  • Prev. Close

    30.50

  • Open Price

    29.95

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    29.15 (2774)

Annual Report

For Year :
2018 2017 2016 2014 2013 2012 2011 2010 2008

Chairman's Speech

At Himadri, our ambition to go global is not by chance. It is conscious and timely. Consider this: the aluminium industry, our principal customer, registered a supply-side growth above seven percent in 2006-07, among the highest in a decade, primarily fuelled by Chinas demand for the metal. Chinas aluminium production is likely to grow 46 percent to reach 19.27 million tons by 2010, compared with 13.2 million tons in 2005-06. The Indian aluminium industry increased 19.2 percent to attain a production level of over 10 lac MT during the year under review at a five-year CAGR of 11.30 percent. Based on the optimism that a quicker aluminium industry growth would increase the demand for our core product, we undertook the following initiatives: -We planned to foray into China for the first time through the proposed acquisition of an existing manufacturing facility. - We set up a representative office in China to strengthen our raw material procurement. - We invested in a wholly owned subsidiary in Hong Kong to spot global opportunities. It is important to mention that we entered China to cater to local opportunities and also to source low-cost raw material from that country, fuse it with our in-house technology and service the global market. As a result, our presence in China is not based on the need to source and export, it is based on the optimism that we can account for a significant share of that market as well. Since we already possess a leading share of the coal tar pitch market in India, a similar success in China will enable us to emerge as a global leader, faster than an alternative approach. Going ahead, we are optimistic that we will be able to cater to the rising demand for coal tar pitch in the Middle East, South Africa, South America and Australia. The global production of coal tar is expected to touch 20.6 million tons by 2011 and, out of this, nearly 49 percent is expected to be manufactured in China. As a future-focused organisation, we intend to set up liquid pitch terminals in key Chinese ports to export coal tar pitch in liquid form to meet the requirements of our overseas customers. strenugthening our local presence Concurrently, we undertook a number of initiatives on the Indian front: - We expect to introduce the concept of use and pay through a dedicated facility for Balco in Korba, Chhattisgarh. This represents a win-win for both: assured sales, lower transportation cost and timely delivery. The Company expects to clone this concept globally for enhanced customer convenience, resulting in an unbeatable competitive edge. - We fully commissioned a by-product plant to generate value-added products of high margins. - We succeeded in implementing the pilot production of advanced carbon material with indigenous research. We are now engaged in setting up a commercial scale facility. Positioning the Company Himadri is respected for its ability to innovate new processes and technologies. As a result, we have evolved our presence from a mere productionled company to a research oriented and value focused organisation. Consider this: - We developed our own technology to produce advanced carbon material, a high margin, value added product used in lithiumion batteries. Himadri is the only Company outside Japan that possesses the technology to produce advanced carbon materials. Following the implementation of this project India will emerge as the second country in the world to manufacture superior carbon. - We are one of only three players in the world to have developed Zero Ql Impregnating Coal Tar Pitch used in the graphite industry. - We possess a dedicated fleet of special tankers through in house technology to transport liquid pitch at a temperature above 240 C right to the customers doorstep. This rich technology legacy provides us with the optimism to use specialised coal tar pitch as a building block to extend to the production of high value-added products like advanced carbon material, super plasticizer, carbon fibre and needle coke. At Himadri, we have chalked out substantial expansion plans to grow both our topline and bottomline. We are in the process of finalising a joint venture with an existing coal tar distillation plant in China and have plans to set up a greenfield facility there. We plan to increase our coal tar distillation capacity in India from 1,69,000 MTPA to 4,00,000 MTPA by 2010 and acquire/set up 6,00,000-MTPA coal tar distillation capacity in China. The cumulative effect of the two strategies is that we expect to emerge with a combined installed capacity of 10,00,000 tons per annum by 2010, making us one of the largest manufacturers of coal tar pitch in the world. It is the interplay of local and global as well as margins and volumes that vindicates my optimism that Himadri is on the cusp of sustainable growth over the coming years; it is our long-standing focus on improvement in processes and systems that reinforces my confidence that we will more than replicate what we have achieved until now in our existence in only the next few years. We have great pleasure in presenting the 19th Annual Report of the Company, together with the audited accounts for the year ended 31st March, 2007.