Himadri Invests in IBC to Expand Li-ion Materials Reach

27 May 2025 CW Team

Himadri Speciality Chemical Limited has invested USD 4.43 million (approx. Rs 374.7 million) to acquire a 16.24 per cent stake in US-based International Battery Company (IBC). This strategic investment marks Himadri’s commercial entry into the lithium iron phosphate (LFP) cathode active and anode materials market, with board representation in IBC.

IBC operates a 50 MWh battery cell plant in South Korea and is building a Gigafactory in Bengaluru through a joint venture with Mahanagar Gas Limited. The facility, expected to begin operations in the fourth quarter of FY26, will serve two-wheeler and three-wheeler original equipment manufacturers and last-mile B2B fleets. Over five hundred electric vehicles already use IBC’s battery packs.

This partnership allows Himadri to test and deploy its materials commercially using IBC’s infrastructure while gaining access to new markets in the United States, India, and East Asia. IBC benefits from a secured supply of high-quality anode and cathode materials and Himadri’s expertise in materials science and supply chain management.

Together, the companies aim to accelerate innovation and deliver scalable, sustainable battery solutions for global mobility and energy storage needs.

Source:Press release issued by Himadri Speciality Chemical Limited

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..