Himadri Speciality Chemical: Why is there a negative rating? – 25 Aug 2021

Himadri Speciality Chemical is an integrated manufacturer of various carbon-based products starting from coal tar. The company operates a 5,00,000-MTPA coal tar distillation unit in West Bengal. Various distillates of the plant are used to manufacture coal tar pitch (CTP), various types of carbon blacks (CB), sodium naphthalene formaldehyde (SNF) and other advanced carbon-based materials.

But why does it suffer from a negative rating?