HEG Subsidiary TACC Gets ₹609.5 Cr Incentive for Anode Material

HEG Advanced Materials Ltd announced that its wholly owned subsidiary, TACC Limited, has received an approval letter for an incentive of ₹609.50 Crore under the Electronics Component Manufacturing Scheme (ECMS) from the Ministry of Electronics and Information Technology (MeitY). This incentive is towards the manufacturing of Anode Material project at TACC's plant in Dewas, Madhya Pradesh. The disbursement is subject to scheme guidelines and prescribed conditions. This development is expected to bolster TACC's anode material production capabilities and contribute to HEG's overall business growth in the advanced materials sector.