HEG Advanced Materials Limited subsidiary TACC Limited has received an approval letter for a ₹609.50 crore incentive under the Electronics Component Manufacturing Scheme (ECMS). The grant supports the company’s synthetic graphite anode material project in Dewas, Madhya Pradesh, aiming to bolster India’s battery supply chain.
The incentive, issued by the Ministry of Electronics and Information Technology (MeitY), is subject to scheme guidelines and prescribed conditions. This financial support is designed to facilitate the establishment of large-scale manufacturing capabilities for critical battery components within the domestic market.
TACC plans to deploy the funds across a facility spanning more than 100 acres in the Sirsoda Industrial Area. The project targets a committed scaled capacity of beyond 30,000 metric tonnes per annum (MTPA) by FY28-29.
The initial phase focuses on producing 20,000 MTPA of anode active material, with commissioning targeted for June 2027. Anode material serves as a core component in lithium-ion cells, which are essential for electric vehicles and clean energy storage systems.
Riju Jhunjhunwala, Chairman and CEO of HEG Advanced Materials, stated that the approval endorses the group’s vision for a globally competitive battery materials value chain. He emphasized that localizing anode production is central to securing a resilient energy storage supply chain for both domestic and international markets.
Ankur Khaitan, Managing Director and CEO of TACC Limited, noted that the ECMS support strengthens execution capabilities. The facility aims to deliver high-performance synthetic graphite meeting global standards, with a focus on timely delivery and quality consistency for cell manufacturers.
The disclosed capacity figures reveal a phased expansion strategy. The first phase capacity of 20,000 MTPA represents approximately 67% of the total committed capacity of 30,000+ MTPA planned by FY28-29. This indicates that the majority of the production capability will be operational within roughly 18 months of the current announcement, with the remaining capacity added subsequently. The ₹609.50 crore incentive covers a significant portion of the capital expenditure required for this initial scale-up, reducing the immediate funding burden on the subsidiary.
