HEG Advanced Materials Subsidiary TACC Signs MoU for 40,000 Tonnes of Battery Anode Material; Shares Fall

Mumbai, November 12: HEG Advanced Materials Limited announced that its wholly owned subsidiary, TACC Limited, has signed a non-binding Memorandum of Understanding (MoU) with a global lithium-ion cell manufacturer for the proposed long-term supply of synthetic graphite-based Anode Active Material (AAM). The proposed supply arrangement covers up to 40,000 tonnes of synthetic anode material and includes opportunities for collaboration on next-generation battery technologies. The company disclosed the development in a regulatory filing dated November 12, 2026. The agreement represents a potential opportunity for TACC to expand its presence in the global lithium-ion battery materials market.

TACC Signs MoU for Long-Term Supply of Synthetic Anode Material

TACC Limited, an advanced carbon materials company and wholly owned subsidiary of HEG Advanced Materials, has entered into a non-binding agreement with an international lithium-ion cell manufacturer. Under the proposed arrangement, the two companies will work towards establishing a long-term supply relationship for up to 40,000 tonnes of synthetic graphite-based Anode Active Material. The material is used in lithium-ion battery manufacturing and plays a role in battery performance, charging efficiency and energy storage capabilities. According to the company’s announcement, the proposed supply arrangement will progress through further discussions and the finalisation of technical and commercial requirements. Both parties will also explore research and customised material development, focusing on advanced anode formulations designed to improve charging speed and energy density. These discussions are aimed at supporting the development of battery materials for applications requiring faster charging, higher energy storage capacity and improved performance. The company clarified that the MoU is non-binding. Consequently, the proposed supply volumes are not confirmed orders and remain subject to further negotiations and definitive agreements. Commenting on the development, TACC Chairman Riju Jhunjhunwala said the partnership reflects international interest in the company’s capabilities and its commitment to building a competitive battery materials business. TACC Managing Director and CEO Ankur Khaitan also highlighted the company’s focus on converting technological development into commercial execution through advanced anode materials. The agreement comes as TACC continues to develop its manufacturing and research capabilities in the battery materials segment. In its first phase, TACC plans to produce 20,000 metric tonnes of anode active material annually, with committed expansion capacity of 44,000 metric tonnes to cater to global cell manufacturers. The company is also advancing commercial production of graphene targeting 500 metric tonnes per annum.

Stock Market Snapshot

HEG Advanced Materials share price traded lower during the morning session on November 12, 2026, despite the announcement of the proposed battery material supply agreement. Based on the supplied intraday chart, the stock was trading at approximately ₹285.50 around 10:04 AM IST, compared with a previous closing reference level near ₹289.30. This indicates an approximate decline of ₹3.80, or 1.31%. The stock began the session near ₹295 and initially moved higher, touching approximately ₹300 around 9:17 AM IST. However, the upward movement was short-lived, with the share price gradually declining during the session. The stock slipped below the previous closing reference level around 9:38 AM IST and continued trading under pressure, moving towards ₹285.50 by the end of the supplied chart.

About HEG Advanced Materials

HEG Advanced Materials Limited, formerly known as HEG Limited, is part of the LNJ Bhilwara Group and operates in the advanced battery materials and graphene segments. The company is developing capabilities across battery energy storage materials, including graphite-based anode products and graphene technologies. Through its wholly owned subsidiary TACC Limited, HEG Advanced Materials is establishing a large-scale manufacturing platform for anode materials, supported by research and development activities. TACC focuses on advanced carbon and graphite technologies for lithium-ion batteries and other industrial applications. The company’s manufacturing plans include synthetic graphite anode materials, advanced battery formulations and graphene production. HEG Advanced Materials is listed on the BSE under code 509631 and on the National Stock Exchange under the symbol HEGAM.

Conclusion

HEG Advanced Materials’ subsidiary TACC has signed a non-binding MoU with a global lithium-ion cell manufacturer for the proposed supply of up to 40,000 tonnes of synthetic graphite-based anode material. The arrangement could create a future commercial opportunity for TACC while supporting its expansion into advanced battery materials and international supply chains. However, the agreement remains at a preliminary stage, with commercial terms, technical specifications and supply commitments yet to be finalised. The development highlights TACC’s efforts to expand its battery materials business, while future revenue potential will depend on the successful conversion of the MoU into binding supply contracts.

Source: 

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