8NOVEMBER, 2026TOP STORIESTACC Ltd, a subsidiary of HEG Advanced Material, has signed a non-binding Memorandum of Understanding (MoU) with a global lithium-ion cell manufacturer. The agreement covers the long-term supply of up to 40,000 tonnes of synthetic graphite-based Anode Active Material (AAM) for electric mobility applications. The proposed EV battery material supply arrangement will be implemented progressively. Both companies will hold further discussions to finalize technical and commercial requirements. Supplies could also increase as the partner expands its cell manufacturing capacity.The MoU also includes discussions on research and development of customized materials. The focus will be on advanced anode formulations that can support faster charging and higher energy density in next-generation electric vehicles. "We have long understood graphite, and this partnership reflects the trust that global leaders are placing in our capabilities. It marks a significant step in our commitment to the global energy transition and to building a resilient, globally competitive battery materials value chain," said Riju Jhunjhunwala, Chairman, TACC Ltd. India is stepping up efforts to reduce its dependence on imported drone components. Drone indigenization has become a national security priority, with the Army and Air Force demanding domestic capabilities across the entire value chain. Senior defense officials have urged Indian manufacturers to build critical technologies at home. These include flight controllers, batteries, motors, communication systems, software, and autonomous technologies.The push comes amid growing concerns that geopolitical tensions could disrupt supplies of essential components. At the Bharat Drone Stack Conference in Bengaluru, the Drone Federation India (DFI) released a white paper outlining 22 policy recommendations. The industry body projects India's drone industry revenue could reach $11 billion by FY2030-31. DFI President Smit Shah warned that foreign suppliers could stop shipments during conflicts, affecting India's ability to manufacture drones. He cited China's export controls on drone parts and rare earth magnets as examples of supply chain risks. MRPL Devangonthi terminal, developed with an investment of Rs 330 crore, is set to strengthen Karnataka's petroleum storage and fuel distribution infrastructure as Prime Minister Narendra Modi dedicates the facility to the nation on November 13, 2026. Developed by Mangalore Refinery and Petrochemicals Limited (MRPL), the terminal is expected to improve fuel supply reliability across Bengaluru and neighbouring markets.The company said the project would help in "strengthening Karnataka's energy infrastructure" while supporting the region's growing economic and industrial requirements. The facility connects MRPL's Crude oil storage capacity in India is set to expand as the Centre seeks private investors to build a 4-million-ton strategic petroleum reserve at Chandikhol in Odisha, with an estimated project cost of Rs 8,571 crore. The government is offering a grant of up to Rs 5,142 crore, and the contract will go to the bidder seeking the "lowest grant", according to tender details reported on Friday. The facility is expected to strengthen emergency stocks after disruptions to crude shipments through the Strait of Hormuz highlighted India's exposure to supply shocks and price volatility.The proposed Chandikhol facility will add 4 million tons (MMT) to India's existing strategic petroleum reserve capacity of 5.33 MMT, taking the potential total to 9.33 MMT, an increase of approximately 75 percent. According TACC SIGNS MOU FOR 40,000 TONNES OF EV BATTERY ANODE MATERIALINDIA SEEKS INVESTORS FOR RS 8,571 CR CRUDE OIL STORAGE PROJECTDRONE INDIGENIZATION: ARMY, IAF PUSH FOR COMPLETE SELF-RELIANCEPM MODI TO DEDICATE MRPL DEVANGONTHI TERMINAL AT RS 330 CROREto the Ministry of Petroleum and Natural Gas, these facilities can meet approximately 9.5 days of national demand. The expansion is part of the government's Phase-II strategic petroleum reserve program, which also includes a proposed 2.5-MMT facility at Padur in Karnataka.
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