TACC Limited, a wholly-owned subsidiary of HEG Limited, has secured a ₹1,230 crore credit facility from the State Bank of India. This funding will support the establishment of a greenfield manufacturing facility in Dewas, Madhya Pradesh, dedicated to producing 20,000 MTPA of lithium-ion battery-grade graphite anode material. The project aims to reduce import dependency and bolster India’s clean energy ecosystem.
Facility Funding Secured
TACC Limited has secured a ₹1,230 crore credit facility sanctioned by the State Bank of India. This financial backing is a critical step in advancing the company’s strategic goals within the advanced materials and energy sectors.
Lithium-ion Battery Grade Graphite Anode Facility
The funding will be used to support TACC’s upcoming greenfield manufacturing facility in Dewas, Madhya Pradesh. The new facility will produce 20,000 MTPA of lithium-ion battery-grade graphite anode material. This facility is among the first of its kind in India and will contribute to a self-reliant domestic ecosystem for advanced energy materials.
Strategic Importance
The facility will contribute to India’s self-reliance in critical technologies by establishing local manufacturing capabilities for battery-grade graphite anodes. These anodes are a key component of lithium-ion batteries used in electric vehicles and energy storage systems. TACC’s investment signifies a commitment to advancing materials that support India’s growing focus on clean energy and electric mobility.
Executive Commentary
Mr. Ankur Khaitan, MD & CEO, TACC Limited, stated that the State Bank of India’s support validates the long-term vision to position India at the forefront of advanced energy materials manufacturing. He emphasized the project’s role in shaping a future where clean energy technologies are designed and produced within India.
Sustainable Manufacturing
The Dewas facility will integrate cutting-edge technology and sustainable manufacturing practices to produce high-performance graphite anode materials meeting global quality and environmental standards. Upon completion, the plant will play a role in strengthening India’s clean energy ecosystem.
Source: BSE
