Key Highlights
- HEG Advanced Materials’ wholly owned subsidiary TACC Limited receives approval for Rs 609.50 crore incentive under the ECMS.
- The incentive supports TACC Limited’s synthetic graphite anode material project in Dewas, Madhya Pradesh.
- The manufacturing facility is spread across more than 100 acres.
- The first phase will have an annual production capacity of 20,000 MTPA.
- The first phase is targeted for commissioning by June 2027.
- The company plans to achieve committed capacity of over 30,000 MTPA by FY2028-29.
- TACC Limited is also targeting annual graphene production capacity of 500 tonnes.
TACC Limited, a wholly owned subsidiary of HEG Advanced Materials Limited (HEGAM), has received an approval letter for an incentive of Rs 609.50 crore under the Electronics Component Manufacturing Scheme (ECMS) of the Ministry of Electronics and Information Technology (MeitY), Government of India. The incentive will support the company’s synthetic graphite anode material project at Sirsoda Industrial Area in Dewas, Madhya Pradesh, subject to the scheme’s guidelines and prescribed conditions.
The proposed manufacturing facility will be spread across more than 100 acres and is planned to have a committed capacity of over 30,000 metric tonnes per annum (MTPA) by FY2028-29. The first phase, with an annual production capacity of 20,000 MTPA, is targeted for commissioning by June 2027.
Synthetic graphite anode material is a key component used in lithium-ion battery cells, which power electric vehicles and support energy storage applications. The project is expected to contribute to the development of a domestic battery materials supply chain and cater to the requirements of Indian and international battery manufacturers.
HEG Advanced Materials Chairman, Managing Director and CEO Riju Jhunjhunwala said the approval under ECMS supports the company’s plans to develop a globally competitive battery materials value chain in India. He added that domestic production of anode materials would be important for building a secure and resilient energy storage supply chain.
TACC Limited Managing Director and CEO Ankur Khaitan said the government support would strengthen the company’s ability to execute the project at scale. He added that the Dewas facility is being developed to manufacture synthetic graphite anode materials that meet the requirements of global battery cell manufacturers, with a focus on timely execution, product quality and supply reliability.
Apart from the Dewas project, TACC is also developing its advanced carbon and graphite materials business. According to the company, its first-phase anode active material production capacity will be 20,000 tonnes annually, with a planned expansion of 44,000 tonnes to serve global cell manufacturers. The company is also advancing commercial production of graphene, targeting an annual capacity of 500 tonnes.
