In a major boost to India's domestic battery manufacturing ambitions, TACC Limited has secured approval for a Rs 609.50 crore government incentive to set up its synthetic graphite anode material manufacturing facility in Dewas, Madhya Pradesh.
The approval, granted under the Ministry of Electronics and Information Technology's (MeitY) Electronics Component Manufacturing Scheme (ECMS), marks a significant step towards building an indigenous battery materials supply chain and reducing dependence on overseas sources.
The incentive is subject to the scheme's guidelines and prescribed conditions.
Spread across more than 100 acres at Sirsoda Industrial Area in Dewas, the project is planned to achieve a committed capacity of more than 30,000 metric tonnes per annum (MTPA) by FY2028-29. The first phase, with an annual production capacity of 20,000 tonnes, is targeted for commissioning by June 2027.
Synthetic graphite anode material is a critical component of lithium-ion batteries, which power electric vehicles and support energy storage systems. Establishing large-scale domestic production of this material could strengthen India's position in the rapidly expanding global battery and clean energy markets.
TACC Limited is a wholly owned subsidiary of HEG Advanced Materials Limited (HEGAM), part of the LNJ Bhilwara Group. The project aligns with the group's strategy to develop a localised, resilient and globally competitive battery materials ecosystem in India.
Riju Jhunjhunwala, Chairman, Managing Director and CEO, HEG Advanced Materials Limited, said, “We are grateful to the Government of India and the Ministry of Electronics and Information Technology for this support, and for their vision of building a strong electronics component manufacturing base in the country.
'The approval under ECMS is a strong endorsement of TACC’s technology and of our belief that India can build a globally competitive battery materials value chain at home. Anode material sits at the heart of every battery cell, and producing it at scale in India is central to a secure and resilient energy storage supply chain.”
Ankur Khaitan, Managing Director and CEO, TACC Limited, said, “The support under ECMS strengthens our ability to execute at scale. Our Dewas facility is designed to deliver high-performance synthetic graphite anode material that meets the standards of global cell manufacturers. Our focus now is on timely execution, consistent quality and close collaboration with customers to ensure supply reliability. We thank the Ministry of Electronics and Information Technology for its support.”
With the Rs 609.50 crore incentive approval, the Dewas project gains a major policy boost as India steps up efforts to establish domestic manufacturing capabilities across the advanced battery and energy storage value chain.
