Government approves incentive for TACC Dewas project
Key Highlights
HEG Advanced Materials subsidiary TACC received a ₹609.50 crore incentive for its Synthetic Graphite Anode Material project in Madhya Pradesh.
HEG Advanced Materials subsidiary TACC received approval for an incentive of ₹609.50 crore from the Ministry of Electronics and Information Technology. The funds support the company’s Synthetic Graphite Anode Material project located in Madhya Pradesh. This initiative aims to develop a localized battery materials value chain within the country.
The project is situated in the Sirsoda Industrial Area of Dewas and spans more than 100 acres. TACC plans to reach a committed capacity of beyond 30,000 MTPA by FY2028-29. The company expects to commission the first phase of 20,000 MTPA by June 2027. The incentive approval remains subject to the specific guidelines and conditions set by the Electronics Component Manufacturing Scheme.
According to the company, this development supports its goal of building a globally competitive battery materials value chain. It also serves as a step toward strengthening the advanced energy storage ecosystem in India. HEG Advanced Materials operates as a manufacturer and exporter of graphite electrodes and maintains a large integrated production facility.
Based on company and agency reports. For information only; not investment advice.