TACC Signs Non-Binding MoU for 40,000T Anode Supply

Key Event Details

TACC Limited has signed a non-binding Memorandum of Understanding (MoU) with a global lithium-ion cell manufacturer for proposed long-term supply of up to 40,000 tonnes of synthetic graphite-based Anode Active Material (AAM) for electric mobility applications.

Terms of Arrangement

The MoU is non-binding and establishes a framework for working towards a progressive supply arrangement subject to further discussions and finalization of technical and commercial requirements of both parties. The arrangement includes built-in scope for further scale-up as the partner's cell manufacturing capacity expands.

Additional Collaboration Scope

Beyond material supply, the MoU sets in-principle discussion to explore research and custom material development focused on advanced anode formulations designed to enable faster charging and higher energy density for next-generation electric vehicles.

Company Background

TACC Limited is a wholly-owned subsidiary of HEG Advanced Materials Limited and part of the LNJ Bhilwara Group. The company is developing a broad range of carbon materials and advanced material solutions for energy storage and industrial applications.

Production Capacity

In its first phase, TACC will produce 20,000 MT of anode active material annually, with committed expansion of 44,000 MT to cater to global cell manufacturers. The company is also advancing commercial production of graphene targeting 500 MT per annum.

Management Commentary

Mr. Riju Jhunjhunwala, Chairman of TACC Limited, stated this partnership reflects the trust global leaders are placing in their capabilities and marks a significant step in their commitment to the global energy transition.

Mr. Ankur Khaitan, MD & CEO of TACC Limited, added that the partnership is a strong endorsement of their capabilities and their focus is on turning shared intent into execution through innovation and quality delivery.

Financial Impact

Financial impact not quantified in the disclosure. The MoU is non-binding and subject to further discussions and finalization of terms.