HEG Advanced Materials Unit TACC Receives ₹609.50 Crore Approval For Dewas Synthetic Graphite Anode Project

Market snapshot: HEG Advanced Materials Limited announced that its wholly owned subsidiary, TACC Limited, has received an approval letter for an incentive of ₹609.50 crore under the Electronics Component Manufacturing Scheme. The incentive from the Ministry of Electronics and Information Technology supports TACC's greenfield synthetic graphite anode project in Dewas, Madhya Pradesh.

Data Snapshot

• TACC Limited received an approval letter for an incentive of ₹609.50 crore under the Electronics Component Manufacturing Scheme of MeitY for its synthetic graphite anode project in Dewas.
• Phase 1 of the facility is designed for 20,000 MTPA capacity with targeted commissioning by June 2027, scaling beyond 30,000 MTPA by FY29 across a 100+ acre site.

What's Changed

• Government approval of the ₹609.50 crore ECMS incentive provides formal fiscal support for TACC's greenfield anode plant.
• Project execution timeline confirmed with Phase 1 commissioning targeted for June 2027.

Key Takeaways

• TACC Limited secured ₹609.50 crore under the Electronics Component Manufacturing Scheme (ECMS).
• The Dewas facility will manufacture battery-grade synthetic graphite anode material for electric vehicle and energy storage cells.
• Commissioning of the initial 20,000 MTPA Phase 1 unit is targeted for June 2027.

SAHI Perspective

The ₹609.50 crore ECMS grant validation significantly de-risks capital allocation for HEG Advanced Materials. Local synthetic graphite anode production positions the company as an early domestic supplier in India's battery material supply chain, capitalizing on national import substitution goals.

Market Implications

Financial support under ECMS strengthens project economics and capital structure for TACC Limited. As domestic cell manufacturing expands under national EV programs, localized anode production provides long-term off-take potential for HEG Advanced Materials.

Trading Signals

Market Bias: Bullish

The ₹609.50 crore ECMS incentive approval directly improves project IRR and capital efficiency for TACC's greenfield Dewas plant ahead of its June 2027 Phase 1 target.

Overweight: Advanced Battery Materials, Clean Energy Tech

Trigger Factors:

• Phase 1 commercial commissioning progress targeted for June 2027
• Disbursement milestones of the ₹609.50 crore ECMS incentive
• Off-take contracts signed with domestic or international cell manufacturers

Time Horizon: Medium-term (3-12 months)

Industry Context

Synthetic graphite anode active material constitutes a key component of lithium-ion battery cells. Domestic manufacturing capacity in Dewas addresses the strict domestic value addition mandates required for cell producers in India.

Key Risks to Watch

• Execution and commissioning schedule risks leading up to June 2027.
• Raw material cost fluctuations and global synthetic graphite price volatility.
• Strict compliance with prescribed ECMS scheme guidelines and operational conditions.

Recent Developments

In February 2026, TACC Limited partnered with INOX Air Products for long-term nitrogen supply via a dedicated onsite plant at the Dewas manufacturing facility.

Closing Insight

Supported by the ₹609.50 crore ECMS government incentive, TACC Limited is building foundational domestic capacity in lithium-ion synthetic graphite anode materials by June 2027.

High Performance Trading with SAHI.