HEG Subsidiary TACC Gets ₹609.5 Cr Incentive for Anode Project
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. This incentive is for TACC's Synthetic Graphite Anode Material project in Dewas, Madhya Pradesh. The plant, spread over 100 acres, is planned to produce 20,000 tonnes per annum in its first phase by June 2027, with a total capacity exceeding 30,000 MTPA by FY2028-29. This development is a significant step towards building a localized, resilient, and globally competitive battery materials value chain in India and strengthening the country's advanced energy storage ecosystem.
Key Highlights
- TACC Limited receives ₹609.50 Crore incentive under ECMS for its anode material project.
- Project located in Dewas, Madhya Pradesh, with phase one production by June 2027.
- Aims to build a globally competitive battery materials value chain in India.
- Strengthens India's advanced energy storage ecosystem.
- Incentive subject to scheme guidelines and prescribed conditions.
Price Impact
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