TACC Secures INR 1,230 Cr Credit Facility from SBI for Lithium-ion Battery Grade Graphite Anode Plant
TACC Ltd., a subsidiary of HEG Ltd. under the LNJ Bhilwara Group, has secured an INR 1,230 crore credit facility from the State Bank of India to develop its lithium-ion battery-grade graphite anode manufacturing plant with an annual capacity of 20,000 MTPA, in Dewas, Madhya Pradesh.
October 24, 2025. By Mrinmoy Dey
The funding will be utilised to support the company's upcoming greenfield manufacturing facility in Dewas, Madhya Pradesh, which will produce 20,000 MTPA of lithium-ion battery grade graphite anode material.
The facility will be among the first of its kind in India, marking a major step toward building a self-reliant domestic ecosystem for advanced energy materials, the company said in a statement.
TACC aims to contribute to India's self-reliance in critical technologies by establishing local manufacturing capabilities for battery-grade graphite anodes a key component of lithium-ion batteries used in electric vehicles and energy storage system. “This facility represents a significant step in TACC's commitment to developing advanced materials that support India's growing focus on clean energy and electric mobility,” it said.
Commenting on the development, Ankur Khaitan, MD and CEO, TACC Ltd. said, “The support from the State Bank of India is a strong validation of our long-term vision to place India at the forefront of advanced energy materials manufacturing. This project is not just an industrial milestone but a step toward shaping a future where clean energy technologies are designed and produced within India. Through this initiative, we aim to strengthen India's role in the global shift toward sustainable energy solutions.”
The Dewas facility will integrate cutting-edge technology and sustainable manufacturing practices to produce high-performance graphite anode materials that meet global quality and environmental standards. Once operational, the plant will play a pivotal role in strengthening India’s clean energy ecosystem and supporting the nation’s transition toward a greener and more self-reliant future, it said.
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