New Delhi, November 11: TACC Limited, a wholly owned subsidiary of HEG Advanced Materials Limited, remains on track to set up its synthetic graphite anode plant, a core component for lithium-ion cells that power electrical vehicles and store clean energy. It has received approval from the Government of India’s Electronics Component Manufacturing Scheme (ECMS) for financial incentives worth ₹609.50 crore in this regard, as it looks to commission its 100 acre plant in Dewas, Madhya Pradesh by June 2027.
The approved financial support from the Ministry of Electronics and Information Technology (MeitY) will be used to produce synthetic graphite anode materials, a critical component used for lithium-ion and sodium-ion batteries for EVs and energy storage systems, with demand skyrocketing as fossil fuel supplies remain under pressure. The plant will have an initial production capacity of 20,000 tonnes per annum (MTPA), aimed at catering to growing domestic and international cell manufacturing demand.
“The support under ECMS strengthens our ability to execute at scale. Our Dewas facility is designed to deliver high-performance synthetic graphite anode material that meets the standards of global cell manufacturers. Our focus now is on timely execution, consistent quality and close collaboration with customers to ensure supply reliability. We thank the Ministry of Electronics and Information Technology for its support.” Mr. Ankur Khaitan, Managing Director and CEO, TACC Limited, said in a press release.
“We are grateful to the Government of India and the Ministry of Electronics and Information Technology for this support, and for their vision of building a strong electronics component manufacturing base in the country. The approval under ECMS is a strong endorsement of TACC’s technology and of our belief that India can build a globally competitive battery materials value chain at home. Anode material sits at the heart of every battery cell, and producing it at scale in India is central to a secure and resilient energy storage supply chain.” Mr. Riju Jhunjhunwala, Chairman, Managing Director and CEO, HEG Advanced Materials Limited, added.
