HEG Advanced Materials Limited (HEGAM) disclosed through a regulatory filing under SEBI Regulation 30 that its wholly owned subsidiary TACC Limited has received an approval letter for an incentive of Rs 609.50 crore under the Electronics Component Manufacturing Scheme (ECMS) of the Ministry of Electronics and Information Technology (MeitY), Government of India.

The incentive is specifically for TACC's Synthetic Graphite Anode Material project located at Sirsoda Industrial Area, Dewas, Madhya Pradesh. The approval is subject to scheme guidelines and prescribed conditions.

Project Details

The Dewas facility spans more than 100 acres and is planned for a committed scaled capacity of beyond 30,000 metric tonnes per annum (MTPA) by FY2028-29. The first phase of 20,000 MTPA is targeted for commissioning by June 2027.

The synthetic graphite anode material produced at this facility is described as a core component of lithium ion cells that power electric vehicles and store clean energy.

Management Commentary

Mr. Riju Jhunjhunwala, Chairman, Managing Director and CEO of HEG Advanced Materials Limited, stated that the approval represents a strong endorsement of TACC's technology and supports India's goal of building a globally competitive battery materials value chain.

Mr. Ankur Khaitan, Managing Director and CEO of TACC Limited, emphasized that the ECMS support strengthens their ability to execute at scale and deliver high-performance synthetic graphite anode material meeting global cell manufacturer standards.

Strategic Significance

The project represents a major step towards developing a Made-in-India battery supply chain for both domestic and international markets. TACC Limited is developing a broad range of carbon materials and advanced material solutions, including commercial production of graphene targeting 500 MT per annum alongside the anode material production.

Corporate Structure

TACC Limited is a wholly owned subsidiary of HEG Advanced Materials Limited and part of the LNJ Bhilwara Group. HEGAM is listed on both BSE and NSE.