Himadri Speciality Chemical Ltd. is a small cap company with market cap of 5528 Cr. Himadri Speciality Chemical Ltd. stock price surge 1.5 % on Wednesday and closed at 127.85.
In a Press release They informed exchanged that Himadri Speciality Chemical Ltd. has made an investment (in cash) of AUD 10.32 Million in Sicona Battery Technologies Pty Ltd (“Sicona”) for acquiring 12.79% shareholding in Sicona.
Sicona is a Sydney based battery-technology company which develops next generation battery materials technology used in the anodes (negative electrodes) of lithium-ion (“Li-ion”) batteries that enable electric-mobility and storage of renewable energy. Sicona is commercialising an innovative siliconcomposite battery anode materials technology, developed and perfected at the Australian Institute for Innovative Materials (AIIM). Sicona’s current generation silicon-composite anode technology delivers 50% to 100% higher capacity than conventional graphite anodes and its anode materials can deliver more than 50% higher cell energy density than current Li-ion batteries.
Sicona intends to produce and sell high performance active anode and binder materials into the fast growing global battery market.
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