TACC Limited, a wholly owned subsidiary of HEG Advanced Materials Limited, has received an approval letter for an incentive of ₹609.50 crore under the Electronics Component Manufacturing Scheme (ECMS). This incentive is for TACC’s Synthetic Graphite Anode Material project in Dewas, Madhya Pradesh. The project aims to establish a significant battery materials value chain in India, with a phased capacity target of over 30,000 MTPA by FY2028-29.
Subsidiary Secures Major Government Incentive
TACC Limited, a wholly owned subsidiary of HEG Advanced Materials Limited (HEGAM), has been granted a significant incentive of ₹609.50 crore. This approval comes under the Electronics Component Manufacturing Scheme (ECMS) administered by the Ministry of Electronics and Information Technology (Meity), Government of India.
Anode Material Project in Dewas
The incentive is earmarked for TACC’s Synthetic Graphite Anode Material project, to be developed at the Sirsoda Industrial Area in Dewas, Madhya Pradesh. This project is crucial for producing anode material, a core component for lithium-ion batteries used in electric vehicles and energy storage systems. The project is subject to scheme guidelines and prescribed conditions.
Capacity Expansion and Market Strategy
The Dewas facility, spread across over 100 acres, is planned for a committed scaled capacity exceeding 30,000 metric tonnes per annum (MTPA) by FY2028-29. The first phase, targeting 20,000 MTPA, is scheduled for commissioning by June 2027. HEGAM views this development as a vital step towards building a localized, resilient, and globally competitive battery materials value chain, reinforcing India’s advanced energy storage ecosystem and the ‘Make in India’ initiative.
Leadership Commentary
Mr. Riju Jhunjhunwala, Chairman, Managing Director, and CEO of HEG Advanced Materials Limited, expressed gratitude for the government’s support, highlighting the incentive as an endorsement of TACC’s technology and India’s potential in the battery materials sector. Mr. Ankur Khaitan, Managing Director and CEO of TACC Limited, emphasized that the ECMS support will enable scaled execution of the Dewas facility to meet global standards.
About TACC Limited
TACC Limited specializes in advanced carbon and graphite technologies, developing materials for energy storage and industrial applications. Its first phase targets 20,000 MT of anode active material annually, with plans for further expansion. The company is also advancing graphene production.
About HEG Advanced Materials Limited
HEG Advanced Materials Limited, part of the LNJ Bhilwara Group, focuses on advanced battery materials and graphene, leveraging its extensive experience in graphitization and manufacturing.
Source: BSE
