TACC Secures ₹609 Crore Incentive for Synthetic Graphite Anode Project in Madhya Pradesh

TACC Ltd, a wholly owned subsidiary of HEG Advanced Materials, has secured approval for a ₹609 crore incentive under the Electronics Component Manufacturing Scheme (ECMS) of the Ministry of Electronics and Information Technology.

The financial incentive was granted for TACC’s upcoming Synthetic Graphite Anode Material project, situated in the Sirsoda Industrial Area of Dewas, Madhya Pradesh. The facility spans 100 acres and is planned to achieve a committed scaled capacity of over 30,000 tonnes per annum by the financial year 2029.

According to the company's expansion timeline, the first phase of the project, accounting for 20,000 metric tonnes per annum (MTPA), is scheduled to be commissioned by June 2027.

Company leadership noted that the approval aligns with HEG Advanced Materials’ objective to establish a localized and globally competitive battery materials value chain, contributing to India’s advanced energy storage ecosystem.

Riju Jhunjhunwala, Chairman, Managing Director and CEO of HEG Advanced Materials, stated that the ECMS approval validates TACC’s technology and supports the development of a domestic battery materials supply chain. He emphasized that anode material is a core component of battery cells and scaling its production within India is critical for securing the energy storage supply chain.

Ankur Khaitan, Managing Director and CEO of TACC, added that the Dewas facility is engineered to supply high-performance synthetic graphite anode material that conforms to the requirements of global cell manufacturers. He noted that current priorities include timely execution, maintaining consistent product quality, and working closely with customers to ensure reliable supply.

"Government backing through schemes like the Electronics Component Manufacturing Scheme plays a crucial role in encouraging domestic manufacturing for critical components like synthetic graphite anode materials. As India scales its advanced energy storage ecosystem, projects backed by substantial capital commitments and clear execution timelines will be essential to building a reliable and competitive local supply chain for global cell manufacturers." — Dr. Shishir Gupta, Founder & CEO, StartupLanes