HEG Advanced Materials Limited announced that its wholly owned subsidiary, TACC Limited, has signed a non-binding Memorandum of Understanding (MoU) with a global lithium-ion cell manufacturer. The proposed long-term supply agreement is for up to 40,000 tonnes of synthetic graphite-based Anode Active Material (AAM) annually. The collaboration also includes R&D for next-generation battery materials.
Strategic Partnership for Electric Mobility
HEG Advanced Materials Limited (formerly HEG Limited) has announced a significant step forward in the electric vehicle (EV) battery supply chain. Its wholly owned subsidiary, TACC Limited, has entered into a non-binding Memorandum of Understanding (MoU) with a prominent global lithium-ion cell manufacturer.
Anode Active Material Supply Agreement
The core of this agreement is a proposed long-term supply of synthetic graphite-based Anode Active Material (AAM). The companies aim to establish a supply of up to 40,000 tonnes per annum. This agreement is crucial for TACC’s expansion plans and supports the growing demand for EV battery components. Discussions are progressing towards finalizing technical and commercial terms, with potential for scaling up based on the partner’s cell manufacturing capacity.
Focus on Innovation and R&D
Beyond material supply, the MoU outlines an in-principle discussion to explore joint research and development initiatives. The objective is to develop advanced anode formulations that can enable faster charging and higher energy density in batteries, critical performance levers for next-generation electric vehicles. This collaboration underscores TACC’s commitment to innovation and contributing to the global energy transition.
Company Statements
Mr. Riju Jhunjhunwala, Chairman of TACC Limited, commented, “This partnership reflects the trust that global leaders are placing in our capabilities. It marks a significant step in our commitment to the global energy transition and to building a resilient, globally competitive battery materials value chain.”
Mr. Ankur Khaitan, MD & CEO of TACC Limited, added, “This partnership is a strong endorsement of our capabilities, and our focus now is on turning shared intent into execution. We are committed to developing next-generation anode materials, driven by innovation and delivered with the consistency and quality that our partner expects.”
About the Companies
TACC Limited, a subsidiary of HEG Advanced Materials, specializes in advanced carbon and graphite technologies for energy storage and industrial applications. HEG Advanced Materials Limited is part of the LNJ Bhilwara Group, focusing on advanced battery materials and graphene, with a strong foundation in manufacturing, R&D, and innovation.
Source: BSE
