HCIL - Naphthalene Value Proposition

This document is confidential and is intended solely for

the use and information of the client to whom it is addressed.

Established as Himadri

Casting Pvt. Ltd.

First Coal Tar

distillation plant in

Howrah

Himadri became a

public company

1987

1990

1991

Himadri Ispat Ltd. was

merged in the

Company

Establishment of new

unit at

Vishakhapatnam

Expansion at Howrah

Plant

1999

1999

2000

Established new Coal

Tar distillation plant at

Hooghly

2004

Started double

production capacity in

Hooghly

2005

Commercialised a by-

product refining plant

at Hooghly

2006

Established new

facility at Korba in

Chhattisgarh

2007

Commenced

production at

Advanced Carbon

plant in Falta

2008

Acquisition of a plant in

Vapi for commercial

production

2009

Started production at

Carbon Black plant

and started power

plant at Hooghly

2009

CTP plant expansion in

Hooghly & SNF

capacity expansion in

Vapi

2010

Our R&D centre at

Hooghly got

recognition from the

Government of India

2011

Started producing

Advanced Carbon

Material in Falta and

CTP in China

2012

Expanded the Carbon

Black capacity &

started producing SNF

at Hooghly

2012

HCIL has traversed a sharp growth trajectory over last 25 years

HCIL – Historical Milestones

1987 - 1991 1992 - 2000 2001 - 2006 2007 - 2009 2010 - 2012

1

We have several plants across India; with significant coal tar distillation and forward integration capacity…

2

Plant Existing (TPA) After Proposed

Expansion (TPA)

Howrah, WB 60,000 60,000

Hooghly, WB 300,000 300,000

Visakhapatnam, AP 40,000 40,000

Korba – Pitch Melting Plant 50,000 50,000

Odisha 200,000

Total 450,000 6,50,000

Coal Tar Distillation Plants Capacity

Forward Integration Products Capacity

Plant Existing Capacity (TPA)

Crude Naphthalene 35,000

Refine Naphthalene 8,500

Carbon Black (Hooghly) 120,000

Power Plant (Co Generation) 20 MW

LCO (Phenyl Grade) 2400

SNF (Hooghly) 50,000

Vapi

Vishakhapatnam

Angul

Howrah

Hooghly Korba

3

Himadri is India’s largest manufacturer of coal tar derivatives, with focus on technological innovation and research

About Himadri

Public listed company in India with strong financial partners

Total turnover of over Rs 1500 Crore, growing at a CAGR of 25-30%

India’s largest manufacturer of coal tar pitch

– application in manufacture of carbon anodes for aluminum smelters and graphite electrodes for EAF furnaces in steel

Diversified business portfolio with naphthalene, refined naphthalene,

carbon black, SNF and advanced carbon along with coal tar pitch

Application of naphthalene in dyes, textile industry and for making

naphthalene balls

Focus on technological innovation and research

– one of 3 global manufacturers of Zero Quinoline Insoluble (“QI”) Pitch, critical input for manufacturing graphite

– known for superior quality pitch – Himadri plants are the only ones in India using advanced technology for tar distillation

– pioneered innovations in logistics to enable smooth integration with our customers

Himadri’s Institutional Investors

Strong financial investor base:

We offer a wide product range that serves the requirements of a wide customer base of reputed global organizations

Himadri Global Customer Base – Selected Examples

Coal Tar Pitch

Creosote Oil

Naphthalene

SNF, PCE

Carbon Black

Product Offerings

4

Over the years, HCIL has achieved a unique competitive advantage in the chemicals and naphthalene space

HCIL’s Unique

Competitive

Advantage

Integrated Value

Chain - assured RM

supply

State-of-Art

Manufacturing

Experienced Team Strong Customer Base

Research &

Innovation

High Quality

Product Portfolio

Complete downstream integration in the

coal tar value chain, with products including

CTP, CB, Naphthalene, SNF

Proprietary technology for advanced

carbon and naphthalene treatment

1

3

5

2

4

6

Advanced R&D and quality control facilities

State-of-art quality control and testing set-up

Dedicated research facilities and technical

bandwidth to develop innovative products

20+ years of deep experience and know-how

of naphthalene operations

Senior technical team comprising experts of

multiple nationalities

Automatic control technology resulting

in superior and consistent naphthalene

quality with better rheological properties

Strong market pull for our high product

quality globally

HCIL offers high quality material

catering to all major business segments

Excellent after sale support system

Proven ability to win customers

Already supplying to leading dye and

ball manufacturers

5

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Himadri : Awards & Honors

HCIL has bagged several awards & honors including the “Best Large Corporate of West Bengal” by Economic Times

‘Best Large Corporate’ of WB in INR 1000+ Cr Category 2013

‘Highest Job Creator’ of WB in INR 1000+ Cr Category 2014

7

Our capabilities are significantly higher as compared to other Indian competitors

Dimension Himadri Competitors (India)

Technology • State-of-art plant using DCS controlled latest

technology resulting in high-quality product

• Obsolete technology with direct heating

system , resulting in inconsistent and low

quality product

Quality • Superior and consistent quality with better

rheological properties • Lower and inconsistent quality

Research &

Innovation

• Advanced R&D and quality control facilities

in-house, dedicated to continuous process

and product improvement

• Short-term focus with low emphasis on

quality control and innovation

Health, Safety &

Environment (HSE)

• Hazard-free handling capabilities

• World-class EHS standards

• Ad-hoc adoption of EHS standards

• Direct handling of carcinogenic chemicals in

plants

After Sales support • A specialized technical team dedicated to

make product successful at customer end • None

Capability Overview: Himadri vs. Domestic Competitors

We have built a strong and diverse product portfolio offering high quality refined naphthalene for the various applications

HCIL Has Built an Diverse and High Quality Product Portfolio

Parameter Refined Naphthalene Crude Naphthalene

Solidification Point 79.8°C 78.5°C

Naphthalene Content > 99 % > 97 %

Brightness Snow White light yellowish or straw

Moisture Nil Nil

Thio Naphthene 0.17 1.15

Sulphur 0.13 0.6

8

We supply refined naphthalene in the form of flakes and balls in 25 kg bags, crude naphthalene in 50 Kg bags

We have demonstrated a proven ability to consistently supply to marquee customers across end-use industries in India and abroad

9

Select Customers In

Refined Naphthalene

Select Customers In

Crude Naphthalene

HCIL maintains clear differentiation in the market, in terms of quality consistency, supply reliability,

robust technical services as well as product customization based on customer requirements

HCIL’s led by a capable and committed senior team with vast experience in the Refined Naphthalene space

10

Strong Senior Team With Relevant Experience in the Naphthalene Space

Experienced Team of 15-20 senior team members

– Experience of 20-25 years

– Domain expertise in operations, product innovation

and marketing

– Multi-national team with experience across key

regions

Contact Us:

Shailik Sanyal

Manager – Corporate Strategy and Business Development, Head Office

8, India Exchange Place,2nd Floor, National Insurance Building

Kolkata, 700001, India,

Email Id: ssanyal@himadri.com; Website: www.himadri.com

Tel: +91 33 22104263/64; Extn – 168; Fax: +91 33 22309051; Mobile: +91 8585003023