HEG Advanced Materials Subsidiary TACC Receives ₹609.50 Crore Incentive Approval for Dewas Project

Mumbai, November 11: HEG Advanced Materials Limited announced that its wholly owned subsidiary, TACC Limited, has received an approval letter for an incentive worth ₹609.50 crore under the Government of India’s Electronics Component Manufacturing Scheme (ECMS). The approval relates to TACC’s synthetic graphite anode material manufacturing project at the Sisoda Industrial Area in Dewas, Madhya Pradesh. In a regulatory filing submitted to the National Stock Exchange (NSE) and BSE on Wednesday, November 11, 2026, the company confirmed that the incentive approval had been received under the ECMS initiative of the Ministry of Electronics and Information Technology (MeitY). The proposed facility will manufacture synthetic graphite anode materials used in lithium-ion batteries for electric vehicles and energy storage systems.

TACC Receives Approval Under Electronics Component Manufacturing Scheme

The ₹609.50 crore incentive approval is expected to support TACC’s plans to establish domestic manufacturing capacity for synthetic graphite anode materials, an important component used in lithium-ion battery cells. According to the company’s announcement, the Dewas project is subject to the scheme’s guidelines and prescribed conditions. Spread across more than 100 acres, the facility is planned with a committed scaled capacity of 30,000 metric tonnes per annum (MTPA) by FY2028-29. The first phase, comprising 20,000 MTPA of capacity, is targeted for commissioning by June 2027. TACC said the project is being developed to supply high-performance synthetic graphite anode materials to battery manufacturers in India and international markets. The approval marks another development in the company’s efforts to expand its presence in India’s advanced battery materials manufacturing sector.

Dewas Facility to Support Domestic Battery Material Production

Synthetic graphite anode material is a core component of lithium-ion batteries, which are widely used in electric vehicles, energy storage systems and other applications. TACC’s Dewas facility is intended to strengthen domestic production capabilities in this segment while reducing dependence on imported battery materials. The company plans to use the facility to manufacture anode materials that meet the requirements of battery cell manufacturers. HEG Advanced Materials stated that the approval strengthens its vision of developing an Indian battery materials value chain through TACC. The company also indicated that the project could contribute to strengthening India’s advanced energy storage ecosystem as domestic battery manufacturing expands.

TACC Outlines Production Capacity and Expansion Plans

The company has outlined a phased development plan for its Dewas manufacturing facility.

Particulars	Project Details
Company	TACC Limited
Parent Company	HEG Advanced Materials Limited
Project Location	Dewas, Madhya Pradesh
Incentive Approval	₹609.50 crore
Government Scheme	Electronics Component Manufacturing Scheme (ECMS)
Manufacturing Product	Synthetic Graphite Anode Material
Project Area	More than 100 acres
First Phase Capacity	20,000 MTPA
First Phase Target	June 2027
Planned Scaled Capacity	30,000 MTPA
Capacity Timeline	FY2028-29

The project is part of TACC’s broader expansion plans in carbon-based materials and advanced battery technologies.

Apart from synthetic graphite anode materials, the company is also developing capabilities in graphene and other advanced carbon materials for industrial applications.

Stock Market Snapshot

HEG Advanced Materials share price were trading at approximately ₹298.80 on Wednesday, November 11, 2026, at around 9:31 AM IST, according to the supplied stock market chart. The stock was near ₹296.40 during early trading and moved to approximately ₹299 before briefly declining towards ₹295. Buying activity picked up after 9:15 AM, pushing the share price higher. The stock reached an intraday level of approximately ₹304 around 9:22 AM before giving up part of those gains. By around 9:31 AM IST, the share price had eased to approximately ₹298.80. The chart indicates price fluctuations during the opening trading session. However, the previous closing price was not available in the supplied data, so the day’s overall percentage change cannot be confirmed.

About HEG Advanced Materials

HEG Advanced Materials Limited, formerly known as HEG Limited, is part of the LNJ Bhilwara Group. The company operates in advanced carbon materials, graphite-related technologies and battery materials. Through its subsidiary TACC Limited, the company is developing manufacturing capabilities for synthetic graphite anode materials used in lithium-ion batteries. TACC is also working on graphene-based materials and other carbon technologies for industrial applications. Its development plans include expanding anode material manufacturing capacity and building capabilities for domestic and international customers.

Conclusion

HEG Advanced Materials’ subsidiary TACC Limited has secured approval for a ₹609.50 crore incentive under the Electronics Component Manufacturing Scheme for its synthetic graphite anode material project in Dewas. The proposed facility is expected to begin its first phase of production with 20,000 MTPA capacity by June 2027, followed by a planned expansion to 30,000 MTPA by FY2028-29. The incentive approval provides support for the company’s manufacturing plans as it develops its presence in the battery materials industry. The next developments to watch will be progress on plant commissioning, capacity expansion and the company’s ability to establish a reliable supply chain for battery manufacturers.

Source:

• https://www.nseindia.com/get-quote/equity/HEGAM/HEG-Advanced-Materials-Limited