HEG Advanced Materials' TACC receives ₹609.50 crore incentive approval

TACC Limited, a subsidiary of HEG Advanced Materials Limited, has received approval for a ₹609.50 crore incentive under the Electronics Component Manufacturing Scheme (ECMS). This incentive supports TACC's synthetic graphite anode material manufacturing project in Dewas, Madhya Pradesh, aimed at meeting the battery material needs for electric vehicles and energy storage applications.

HEG Advanced Materials Limited announced on November 11, 2026, that its subsidiary TACC Limited secured the incentive approval from the Government of India’s ECMS, administered by the Ministry of Electronics and Information Technology (MeitY). The project, located at the Sisoda Industrial Area in Dewas, focuses on producing synthetic graphite anode materials for lithium-ion batteries used in electric vehicles and energy storage systems.

The ₹609.50 crore incentive is expected to bolster TACC’s efforts to establish domestic production capacity for synthetic graphite anode materials, a critical component in lithium-ion battery cells. The Dewas project, which complies with the scheme’s guidelines, spans over 100 acres and aims for a production capacity of 30,000 metric tonnes per annum (MTPA) by FY2028-29. The first phase, with a 20,000 MTPA capacity, is slated for commissioning by June 2027. TACC plans to supply high-performance synthetic graphite anode materials to both Indian and international battery manufacturers, marking a significant step in expanding its footprint in India’s advanced battery materials sector.

Synthetic graphite anode material is essential for lithium-ion batteries, which power electric vehicles and energy storage systems. TACC’s Dewas facility aims to enhance domestic production capabilities, reducing reliance on imported battery materials. The facility will produce anode materials tailored to the needs of battery cell manufacturers. HEG Advanced Materials emphasized that this approval aligns with its vision of developing an Indian battery materials value chain through TACC, potentially strengthening India’s advanced energy storage ecosystem as domestic battery manufacturing grows.

The Dewas manufacturing facility is part of TACC’s phased development plan, which includes broader expansion in carbon-based materials and advanced battery technologies. Besides synthetic graphite anode materials, TACC is advancing capabilities in graphene and other advanced carbon materials for industrial applications.

On November 11, 2026, HEG Advanced Materials' share price was approximately ₹298.80 at 9:31 AM IST. The stock opened near ₹296.40, rose to around ₹299, and briefly dipped towards ₹295 before buying activity increased after 9:15 AM, pushing the price higher. It reached an intraday high of approximately ₹304 around 9:22 AM before settling back to around ₹298.80 by 9:31 AM IST. The chart shows price fluctuations during the opening session, but the previous closing price was not provided, so the overall percentage change for the day remains unconfirmed.

HEG Advanced Materials Limited, formerly HEG Limited, is part of the LNJ Bhilwara Group and specializes in advanced carbon materials, graphite technologies, and battery materials. Through TACC Limited, the company is developing manufacturing capabilities for synthetic graphite anode materials used in lithium-ion batteries. TACC is also exploring graphene-based materials and other carbon technologies for industrial applications, with plans to expand anode material manufacturing capacity for both domestic and international markets.

TACC Limited's approval for a ₹609.50 crore incentive under the Electronics Component Manufacturing Scheme supports its synthetic graphite anode material project in Dewas. The facility's first production phase, with a 20,000 MTPA capacity, is expected by June 2027, with expansion to 30,000 MTPA by FY2028-29. This incentive aids the company’s manufacturing ambitions as it strengthens its presence in the battery materials industry. Future developments to monitor include plant commissioning progress, capacity expansion, and the establishment of a reliable supply chain for battery manufacturers.