HEG Subsidiary TACC Secures INR 609.50 Crore Incentive Under ECMS

TACC, a wholly owned subsidiary of HEG Advanced Materials (HEGAM) and part of the LNJ Bhilwara Group, has received the approval letter for an incentive of INR 609.50 crore under the Electronics Component Manufacturing Scheme (ECMS) of the Ministry of Electronics and Information Technology (MeitY), Government of India. The incentive is for TACC’s Synthetic Graphite Anode Material project at Sirsoda Industrial Area, Dewas, Madhya Pradesh, and is subject to scheme guidelines and prescribed conditions.

Spread across more than 100 acres, the Dewas facility is planned for a committed scaled capacity of beyond 30,000 metric tonnes per annum (MTPA) by FY2028-29. The first phase of 20,000 MTPA is targeted for commissioning by June 2027.

The approval strengthens HEG Advanced Materials’ vision, through its wholly owned subsidiary TACC to build localised, resilient and globally competitive battery materials value chain.  It is also a significant step towards strengthening India’s advanced energy storage ecosystem.

Riju Jhunjhunwala, Chairman, Managing Director and CEO, HEG Advanced Materials, 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, 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.”