Himadri Chemicals is mulling Rs 1,900-crore investment in the next four years for coal tar capacity expansion and also foray into new by-products such as pitch coke. This expansion will be implemented in phases and funded through a mix of internal accruals and debt. The company will invest Rs 1,200 crore to expand coal tar capacity to one million tonne by 2015, from the present 2.5 lakh tonnes.
The company has four plants in West Bengal - two at Howrah and one each at Hooghly and Falta. Himadri Chemicals has earmarked Rs 700 crore to set up a 50,000 tonnes capacity greenfield unit to manufacture pitch coke at Hoogly. Pitch coke is used as a basic raw material for electrode industry. Besides, an advanced carbon material unit at Falta with 10,000 tonnes capacity will also be set up by 2015.