Incorporated in 1987, Himadri Chemicals & Industries (HCIL) is engaged in the manufacture of coal tar by-products and derivatives like coal tar pitch (CTP), creosote oils, naphthalene, carbon black, advanced carbon materials & SNF (sodium naphthalene formaldehyde). The company is the largest manufacturer of CTP in India with a market share of 65% in terms of sales. On the back of its research & development capabilities, the company is today one of the three companies in the world that can manufacture Zero Q1 Impregnation CTP, which is vital to the graphite electrode industry.
The company possesses robust infrastructure and technology to produce, handle and deliver liquid pitch to aluminium industry users. The material is marketed in solid and liquid forms at a high temperature that makes it convenient and economical to use. The company possesses dedicated fleet of 70 temperature-controlled tankers with specially designed heating system to transport liquid pitch at 220° to ensure smooth delivery. The company has the largest fleet of this kind in India. This helps the company not only to protect its market share from cheap imports, but also improve it consistently. This is because the imports come in solid form and the user needs to convert the pitch into liquid form by spending heavily on energy cost.
Further, to scale up its value chain, the company has started producing value added products like Carbon Black (from creosote oil), SNF (from Naphthalene) and Advanced Carbon Materials (from CTP). HCIL is the only company outside Japan to possess the in-house technology to manufacture high quality advanced carbon material used in producing Lithium Ion batteries. Also, the company is the only organized player in the SNF industry and expects to carve out a substantial market share of India's super plasticizer segment over the next two to three years.
The company has emerged as a preferred vendor for many years among aluminium and graphite electrode manufacturers on account of a superior price-value. The company manufactures CTP of consistent quality in line with customer requirements (22 physical and chemical parameters) and at one of the world's lowest costs through in-house technology. Also, its facilities are located near the downstream users, which enable it to provide just in time deliveries to customers.
HCIL’s major clients in India include HEG, Graphite India, Nalco, Balco, Hindalco and Malco. The company also has good presence in the export markets providing service to the well-known overseas clients like Alcoa, Dubal, Aluminium of Greece, SGL Group, Hydro, Graf Tech International and Albras. Recently, HCIL entered into a MOU with Vedanta for CTP supply.
The company has four coal tar distillation units (three in West Bengal and one in AP) having total capacity of 169000 MTPA and a pitch melting capacity at Chhattisgarh. The carbon black facility (50000 MTPA) is located at Hooghly (West Bengal), while the SNF facility is located in Gujarat (taken on lease having capacity of 8000 MTPA). The installed capacity of Advanced Carbon material is 240 TPA. HCIL also has a coal tar storage capacity of 70,000 TPA and liquid pitch storage capacity of 6,000 TPA. Further, the company does not have any subsidiary.
The company intends to increase its Coal Tar distillation capacity from 169000 to 400,000 MTPA in phased manner at Hooghly, West Bengal. Phase I - 81000 MTPA; Phase II - 150000 MTPA. Phase I was expected to go on stream by the end of March 2010, while Phase II was expected to commence in July 2011. At present, the company is operating at 100% capacity. With this capacity expansion, HCIL would be able to leverage its strength & exploit the opportunities available in CTP market, thereby improving its turnover significantly going forward.
The company was also planning to make a foray in the Chinese CTP market and to set up a Greenfield Coal Tar Distillation plant in China through its wholly owned subsidiary Himadri Global investments Ltd. having a total capacity of 1 lakh MTPA. The facility was expected to be operational in September 2011. Going forward, the company plans to increase this capacity to 6 lakh MTPA. The company also plans to use the Chinese facilities as a global export hub. The facility would be located near to the port, which would enable HCIL to export CTP to Middle East and avail of logistical benefits.
Coal Tar Distillation - Coal tar is a by-product generated while processing coking coal into low ash metallurgical coke in a recovery-type coke oven plant. Coal tar accounts for around 3.5-4% of coke produced. Coal tar pitch is a complex chemical with 22 chemical and physical properties obtained through coal tar distillation, which involves the conversion of coal tar into a variety of intermediate chemical products. The residue is coal tar pitch, which is further processed into quality coal tar pitch of desired chemical and physical properties. At, Himadri, coal tar pitch is derived from the processing of high temperature coal tar using state-of-art technologies.
Carbon Black - Carbon black is defined as elemental carbon with tarbostatic structure, derived from the incomplete pyrolisis of fossil oil. Carbon black is produced through the controlled incomplete combustion of hydrocarbons. Carbon black is actually elemental carbon in the form of fine particles with an amorphous molecular structure.
Advanced Carbon - At Himadri Chemicals, anode material is manufactured from coal tar using in-house technology. The manufacturing process involves coal tar treatment into specialised pitch, carbonisation, graphitisation and powder processing. All these process upto quality contol are conducted in our in-house facility.
Corrosion Protection - The company produces coal tar-based corrosion protection products using its own technology for use in the corrosion protection of underground and off-shore pipelines.
Napthelene Sulphonate - At Himadri, sulfonated naphthalene formaldehyde condensate sodium salt is produced in liquid and powdered form. Improves concrete mix by dispersing cement particles for extended workability, also improves the compressive flexural strength. Also used asa dispersing agent in dyes, leather and agro industries.
Power - The company successfully commissioned its captive power plant running on carbon black off-gas and connected to the grid. The entire power is marketed under the IPP model. Power plant of 15 MW is being set up with green and clean energy. The power plants are eligible to carbon credits
1987 - The company was incorporated on July 28, 1987 as a private limited company as Himadri Castings. The company is promoted and managed by the Choudhary group. They are D P Choudhary, S S Choudhary, B L Choudhary, V K Choudhary, M L Jalan, R N Jhunjhunwala and G S Biyani.
1990 - The promoters decided to set up a Coal Tar Distillation Unit at Liluah-Howrah, West Bengal, the commercial production of which commenced in December 1990.The capacity of this plant was 4800 MTs.
1991 - The name of the company was changed to Himadri Chemicals & Industries Pvt. Ltd on November 20, 1991 which was later converted to a public limited company on November 27, 1991. The initial capacity of the plant was increased to 7200 MTs during this year.
1994 - The company also made a rights offer of 4984000 shares at a premium of Rs 5 amounting to Rs 747.66 lakh.
2000 - Merged Himadri Ispat Limited into the company
2004 - Delists shares from Ahmedabad Stock Exchange
2005 - Commissioned distillation plant at Maheshtikry
2006 - Increased production of downstream products including naphthalene
2007 - Established pitch melting plant at Korba
2008 - Started advanced production of Advanced Carbon Materials
2009 - Acquired SNF plant at Vapi, commissioned production of Carbon Black plant and commissioned power plant.
2010 - Himadri Chemicals & Industries appointed Amit Chandra as Nominee Director of Bain Capital India Investments in terms of Investment Agreement with the Company.