TACC Limited, a wholly-owned subsidiary of HEG Advanced Materials Limited (HEGAM), has received a letter of approval of an Incentive of Rs 609.50 Crore under the Electronics Component Manufacturing Scheme (ECMS) of Government of India, towards setting up of synthetic graphite anode material manufacturing unit by the company.
The letter was issued by the Ministry of Electronics and Information Technology (MeitY) based on guidelines of the scheme and subject to fulfillment of conditions. This will help build domestic manufacturing capabilities for battery materials.
Production to begin in June 2027:
The facility, spanning over 100 acre, will be commissioned to reach a committed capacity of more than 30,000 MTPA by FY2028-29.
Phase one of the facility will be commissioned in June 2027, with an annual capacity of 20,000 tonnes. The synthetic graphite anode material will be manufactured at the facility for use in lithium-ion battery cells for use in electric vehicles.
It is part of a larger plan by HEG Advanced Materials to build capabilities in advanced battery materials within India.
Domestic Battery Material Manufacturing:
This will help accelerate our plans to establish a competitive battery materials manufacturing business in India. We will see the benefit of having our anode materials produced domestically, which will help build a more robust supply chain,” said Riju Jhunjhunwala, Chairman, Managing Director, and CEO of HEG Advanced Materials.
“Having received this incentive will help us in executing this project to scale. We will focus on timelines, quality, and working with cell manufacturers globally,” said Ankur Khaitan, Managing Director and CEO of TACC.
As well as anode material manufacturing, TACC is building capabilities around graphene to produce 500 tonnes annually. TACC has a portfolio of advanced carbon and graphite materials.
The project in Dewas will help India’s efforts to localise production of key battery components.
