Himadri Speciality Chemical Reports 31% Profit Jump in Q2
Himadri Speciality Chemical Limited posted a second-quarter net profit of Rs 231 crore, a rise of 31% over the year-earlier period, according to a report published on 19 October 2026 by TradingView. No further financial detail — including revenue, EBITDA or year-ago base figure — was available from the source at the time of writing.
Himadri is one of India's established specialty chemicals producers, with operations centred on coal tar derivatives and carbon black. The result underlines continued earnings momentum at a company that Projects India tracks as an active capital investor across multiple large projects.
Himadri's Capital Project Pipeline Tracked by Projects India
Projects India tracks five ongoing capital projects linked to Himadri Speciality Chemical, with a combined disclosed value exceeding Rs 7,500 crore. These span West Bengal and Odisha and cover carbon black capacity, coal tar distillation, downstream chemicals and battery materials manufacturing.
| Project | Promoter | Location | Value | Stage |
|---|---|---|---|---|
| Carbon Black Project (Expansion) | Himadri Speciality Chemical | Hooghly, West Bengal | Rs 220 crore | Tracked |
| Lithium Ion Battery Components Mfg Unit | Himadri Speciality Chemical | Odisha | Rs 4,800 crore | Tracked |
| Chemicals Unit | Himadri Speciality Chemical | Jajpur, Odisha | Rs 980 crore | Tracked |
| Coal Tar Distillation | Himadri Speciality Chemical | Sambalpur, Odisha | Rs 525 crore | Tracked |
| Carbon Black Project | Himadri Speciality Chemical | Hooghly, West Bengal | Rs 1,000 crore | Tracked |
The lithium ion battery components manufacturing unit in Odisha, at Rs 4,800 crore, represents the single largest disclosed investment in this pipeline. The battery materials segment reflects a broader industry trend of specialty chemical producers moving into energy transition supply chains.
Chemicals Sector Project Activity Across India
The broader chemicals sub-sector remains one of the most active areas of industrial capital expenditure in India. Projects India tracks 2,709 live chemicals projects, with 38 added in the last 90 days alone. Of these, 939 are at the Under Approvals stage, 408 are at Construction Started and 172 have received approvals and are awaiting the next milestone — together representing a substantial near-term pipeline for suppliers and contractors.
Gujarat leads all states in tracked chemicals project count with 1,675 projects, followed by Maharashtra at 338, Andhra Pradesh at 119, Telangana at 68, Karnataka at 67 and Rajasthan at 66. This geographic concentration reflects established chemical clusters around Dahej, Bharuch, Ankleshwar and Surat in Gujarat, and Raigad and Nagpur in Maharashtra.
Recent projects entering the tracked pipeline include a Rs 9,000 crore polycarbonate project by Deepak Chem Tech Limited at Dahej, Gujarat, now at Construction Started stage; a Rs 600 crore agrochemicals project by OFB Tech Limited at Nandurbar, Maharashtra, at Approvals Received; and a Rs 500 crore synthetic organic chemicals project by Orson Resins and Coatings Private Limited at Udaipur, Rajasthan, also at Construction Started. These illustrate the range of scales and geographies active in the sector at present.
What this means for suppliers and contractors
For suppliers and contractors active in the chemicals and industrial sectors, Himadri's strong quarterly earnings signal a financially capable promoter with an active multi-project pipeline. The five tracked Himadri projects — spanning carbon black, coal tar distillation, downstream chemicals and battery materials — collectively represent over Rs 7,500 crore in disclosed capital expenditure across Odisha and West Bengal. Contractors with capabilities in specialty chemical plant construction, process equipment supply and infrastructure works in those two states should monitor these projects closely for procurement and tendering activity.
More broadly, the 408 chemicals projects nationally that are already at Construction Started stage represent active on-site demand for equipment, civil works, instrumentation and logistics. The further 939 projects at Under Approvals stage form a visible forward pipeline. Gujarat remains the dominant geography for near-term opportunity, but Odisha's growing presence — anchored in part by large investments such as Himadri's battery components unit — is worth tracking separately.
Readers can explore the full chemicals project database or browse the wider industrial projects sector overview for related opportunities. Recent coverage of comparable large-scale investments includes TCG's planned Rs 10,000 crore chemical hub in Haldia, West Bengal.
Frequently asked questions
What was Himadri Speciality Chemical's Q2 profit?
Himadri Speciality Chemical reported a second-quarter net profit of Rs 231 crore, representing a 31% rise over the year-earlier period, according to a report published on 19 October 2026 by TradingView. No further breakdown was available from the source.
What capital projects does Himadri Speciality Chemical have underway?
Projects India tracks five capital projects linked to Himadri Speciality Chemical, spanning carbon black, coal tar distillation, chemicals manufacturing and lithium ion battery components, located across Hooghly in West Bengal and Jajpur, Sambalpur and another Odisha location. Combined disclosed value exceeds Rs 7,500 crore.
Which states have the most chemicals projects in India?
Gujarat leads with 1,675 tracked chemicals projects, followed by Maharashtra at 338, Andhra Pradesh at 119, Telangana at 68, Karnataka at 67 and Rajasthan at 66, based on Projects India data across 2,709 live chemicals projects nationally.
