Connect with us

Technology

Celebrating World EV Day: Himadri Speciality’s Vision for a Sustainable Future

Published

2 years ago

on

KOLKATA, India, Sept. 9, 2024 /PRNewswire/ — Himadri Speciality Chemical Ltd, India’s leading player in the production of EV battery materials, carbon black, SNF, and other value-added chemicals, proudly commemorates World EV Day today. This annual event aligns perfectly with the company’s mission to pioneer advanced battery materials that support cleaner and greener transportation solutions.

The annual observance of World EV Day on September 9, underscores the increasing significance of clean and sustainable transportation. As nearly every major car manufacturer invests heavily in electric vehicle (EV) technology, the push towards cleaner mobility has reached unprecedented levels. Since the inception of World Day in 2020, it has provided a global stage to raise awareness about the benefits of EVs and expedite the shift towards sustainable transport, fuelling the momentum of the EV revolution.

Commenting on the occasion, Mr. Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical said, “It is a moment to celebrate and reflect on the transformative journey of electric vehicles (EVs) and their crucial role in steering us towards a sustainable future. At Himadri, we take pride in leading this revolution in India, pioneering the development of advanced electric vehicle battery materials that drive the shift towards cleaner, greener transportation.”

The landscape of electric vehicles has undergone remarkable changes over the past decade.

Global Automotive Market: Projected to reach $6.86 trillion by 2033, with a CAGR of 6.77%.EV Sales in India: Surged to 1.5 million units in 2023, a 50% increase from the previous year.Dominant Segment: Two-wheelers account for 85-90% of EV sales in India.Decreasing Cost Gap: Advancements in battery technology, economies of scale, and government policies are making EVs more affordable.Cost Savings: EVs offer substantial savings in fuel and maintenance due to lower electricity costs and fewer moving parts. Typically, the cost of running an EV is approximately one-eighth the cost of running a small petrol car. Moreover, the number of moving parts in an electric engine is just 1% when compared with an ICEV. Government Incentives: Tax credits, rebates, and reduced registration fees are encouraging EV adoption.

Transitioning from ICE vehicles to EVs represents more than an economic shift—it is a pivotal move towards addressing climate change and reducing environmental pollution. India’s Ministry of Road Transport and Highways announced an ambitious target of EV30@30 – 30% of newly registered private cars, 40% of buses, 70% of commercial cars, and 80% of 2-wheelers and 3-wheelers targeted to be electric by 2030. EVs produce zero tailpipe emissions, which significantly curtails greenhouse gases and air pollutants that contribute to global warming and health issues.

Energy efficiency is another key advantage of EVs. They convert a higher percentage of battery energy into vehicle power compared to ICE engines, which lose much of their energy as heat. Additionally, EVs can be powered by renewable sources like solar and wind, further reducing their carbon footprint and fostering a sustainable energy ecosystem.

“At Himadri, our dedication to advancing battery technology is complemented by a strong commitment to sustainable practices. We are dedicated to fostering a circular economy through our operations. This approach focuses on reusing, refurbishing, and recycling products and materials to minimize waste, fresh critical minerals and environmental impact. Our dedication to these principles is evident in both our legacy and our new energy material business. We are actively developing efficient battery recycling processes to recover valuable materials such as lithium, cobalt, and nickel. This not only reduces the need for new raw materials but also minimizes environmental harm. Additionally, we are exploring the repurposing of used EV batteries for energy storage solutions, giving a second life to batteries that are no longer suitable for vehicles but still possess significant capacity,” Mr. Choudhary explains.

The company’s energy-efficient and environmentally friendly manufacturing processes, showcased by their eight zero-discharge facilities across India, reflect its commitment to sustainability.

The company has been at the forefront of the electric vehicle (EV) revolution through its New Energy Materials Division. This division has been instrumental in developing and supplying critical materials essential for the production of high-performance EV batteries. By focusing on research and innovation, Himadri has been able to create sustainable and cost-effective solutions that support the transition to a greener and cleaner future. Their contributions to the EV ecosystem have not only bolstered India’s position as a global EV hub but have also played a pivotal role in addressing environmental concerns and promoting energy independence.

The Path Forward: Collaboration for a Sustainable Future

According to the company, achieving a sustainable transition to electric mobility requires robust support from all stakeholders—governments, industries, and consumers alike. Governments must continue to provide incentives and develop essential infrastructure, such as charging stations. Industries need to invest in research and development to drive innovation and cost reductions. Consumers play a crucial role by adopting EVs and supporting sustainable practices.

They emphasize that sustainability be integrated throughout the entire value chain of EVs—from responsible sourcing of raw materials to ethical labour practices and minimizing environmental impact throughout the vehicle lifecycle. Only with a comprehensive commitment to sustainability can a successful and impactful transition to electric mobility be ensured. 

Looking Ahead: A Brighter Future with EVs

Remarking on the future of electric mobility, Mr. Choudhary said, “As we forge ahead into the future, the rise of electric vehicles will be paramount in achieving global sustainability goals. Driven by its unwavering belief in the power of innovation, Himadri is steadfast in its commitment to championing the sustainable importance of E-Mobility in India and worldwide. With its strategic entry into the Lithium-ion Battery Ecosystem, Himadri envisions a future where our planet is quieter, cleaner, and more sustainable for generations to come.”

The company dedicates itself to driving this transformative shift and contributing to a cleaner, greener world with innovation and sustainability for a brighter future for all, especially for the generations that will inherit the planet.

About Himadri Speciality Chemical Ltd

Himadri Speciality Chemical Ltd is a global speciality chemical conglomerate with a strong focus on research and development (R&D), innovation and sustainability.

As pioneer in the production of lithium-ion battery materials in India, it continuously develops and innovates raw materials of lithium-ion battery value chain. It’s diverse product portfolio includes speciality carbon black, coal tar pitch, refined naphthalene, advance materials, SNF, speciality oils, power, etc. catering to various industries such as lithium-ion batteries, paints, plastics, tires, aluminium, graphite electrodes, agrochemicals, defence and construction chemicals. Himadri operates in both domestic and international markets, exporting to 54 countries across the globe.

With a strong commitment to safety and sustainability, it has 8 zero-liquid discharge manufacturing facilities and utilize in-house clean and green power for more than 90% of its energy needs. Through its dedication to R&D, new business opportunities and sustainability, Himadri is making a positive impact on the industry, both in India and globally.

Photo: https://mma.prnewswire.com/media/2500016/Anurag_choudhary.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/celebrating-world-ev-day-himadri-specialitys-vision-for-a-sustainable-future-302241937.html

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

Published

3 minutes ago

on

July 23, 2026

By

NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

Continue Reading

Technology

XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

Published

3 minutes ago

on

July 23, 2026

By

NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

Continue Reading

Technology

Fathom Applauds Introduction of the FRONTIER Act, the First Federal Blueprint for Independent AI Verification

Published

3 minutes ago

on

July 23, 2026

By

Reps. Lori Trahan (D-MA-03) and Jay Obernolte (R-CA-23) introduce a bill to build a competitive marketplace of independent verifiers for frontier AI models.

WASHINGTON, July 23, 2026 /PRNewswire/ — Fathom welcomes the introduction of the FRONTIER Act, the most complete federal framework yet for independent, third-party verification of frontier AI. The legislation is built to earn public trust as AI technology continues to accelerate. As frontier systems begin to take autonomous action in the world, the gap between what these models can do and our ability to keep them in check is widening. FRONTIER is the starting point to close that gap.

“AI governance keeps running into the same wall. The technology is hard to measure and it moves faster than any law can keep up with,” said Andrew Freedman, Co-Founder and CEO of Fathom. “Trying to write the perfect rules and freezing them in place won’t work. What will work is a competitive market of independent verifiers who are accountable for real-world outcomes and who the government can actually count on. The FRONTIER Act shows we can move fast and still get this right.”

The bill gets the fundamentals correct. It sets one public standard – the adequate mitigation of catastrophic risk – and holds both the AI companies and their independent verifiers accountable to it. FRONTIER does not freeze a single testing method into statute. Instead, it licenses competing verification organizations, allows them to sharpen their methods, and gives the government the power to revoke a license when a verifier’s work does not hold up in the field. That is how you build a system that keeps pace with the science instead of falling behind it.

Fathom thanks Reps. Trahan and Obernolte for their leadership, and for their courage in releasing a discussion draft, inviting scrutiny, and incorporating substantive improvements from across the field. One priority improvement as the bill advances: giving the government a fuller range of tools to act upstream – for pushing companies to close identified gaps in risk mitigation early, rather than only once a catastrophe is imminent. We are committed to working with these sponsors, committees of jurisdiction, and Congressional leadership to continue refining the bill in the weeks and months ahead.

About Fathom
Fathom is an independent nonprofit whose mission is to build a governance architecture that helps society navigate the transition to a world with AI by fostering trust, safety, and innovation. Fathom has developed and championed the independent verification model for AI and works with policymakers across the country to put it into practice. Learn more at http://fathom.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fathom-applauds-introduction-of-the-frontier-act-the-first-federal-blueprint-for-independent-ai-verification-302833546.html

SOURCE Fathom AI Inc.

Continue Reading

Trending