HEG Advanced Materials Limited announced that its wholly owned subsidiary, TACC Limited, has received an approval letter for an incentive amounting to ₹609.50 Crore. This incentive is under the Electronics Component Manufacturing Scheme (ECMS) from the Ministry of Electronics and Information Technology, Government of India. The funds are earmarked for the manufacturing of Anode Material at TACC Limited’s plant located in Dewas, Madhya Pradesh, subject to scheme guidelines.
Subsidiary Secures Significant Manufacturing Incentive
HEG Advanced Materials Limited, formerly known as HEG Limited, has informed the stock exchanges that its wholly owned subsidiary, TACC Limited, has been granted a substantial incentive. The approval letter, received on November 6, 2026, confirms an incentive of ₹609.50 Crore under the Electronics Component Manufacturing Scheme (ECMS).
Project Details and Location
This significant financial support from the Ministry of Electronics and Information Technology (MeitY), Government of India, is designated for the establishment and operation of a project focused on the manufacturing of Anode Material. The Anode Material project will be undertaken at TACC Limited’s facility situated in the Sirsoda Industrial Area, Dewas, Madhya Pradesh. The incentive is contingent upon adherence to the prevailing scheme guidelines and prescribed conditions.
Strategic Importance
The ECMS scheme aims to boost domestic manufacturing capabilities within the electronics components sector. This approval for TACC Limited signifies a key development in the company’s strategic expansion into critical manufacturing areas, aligning with national initiatives to enhance self-reliance in component production. The company has requested that this information be taken on record by the stock exchanges.
Source: BSE
