TACC Gets Rs 609.5 Cr ECMS Incentive for Anode Plant

The ECMS incentive of Rs 609.50 crore approved for TACC Limited marks a significant development in India's efforts to strengthen domestic battery materials manufacturing.

The wholly owned subsidiary of HEG Advanced Materials Limited has received an approval letter from the Ministry of Electronics and Information Technology (MeitY) for its synthetic graphite anode material project at Sirsoda Industrial Area in Dewas, Madhya Pradesh.

Spread across more than 100 acres, the proposed facility will manufacture a critical component used in lithium-ion batteries powering electric vehicles (EVs) and supporting clean energy storage.

The project is expected to strengthen India's battery supply chain and expand its manufacturing capabilities.

What are TACC's manufacturing capacity and investment plans?

The ECMS incentive will support TACC's plans to establish large-scale synthetic graphite anode production capacity in India.

The company has outlined the following project milestones:

• Location: Sirsoda Industrial Area, Dewas, Madhya Pradesh.
• Project area: More than 100 acres.
• Phase I capacity: 20,000 metric tons per annum (MTPA), targeted for commissioning by June 2027.
• Planned capacity: Beyond 30,000 MTPA by FY2028-29.

Synthetic graphite anode material is a key input in lithium-ion battery cells. Its domestic production could support battery manufacturers catering to EV and battery energy storage system (BESS) markets.

Also Read: How Silicon Anodes Could Reshape India's EV Battery Market

How will the ECMS incentive strengthen India's battery supply chain?

The ECMS incentive supports the government's broader objective of developing a domestic electronics component manufacturing ecosystem.

Riju Jhunjhunwala, Chairman, Managing Director and CEO of HEG Advanced Materials, said the approval endorses TACC's technology and the potential to build a globally competitive battery materials value chain within India.

He highlighted domestic anode production as important for establishing a secure and resilient energy storage supply chain.

Ankur Khaitan, Managing Director and CEO of TACC, said the support strengthens the company's ability to execute the project at scale.

He noted that the Dewas facility is designed to meet global cell manufacturers' quality standards, with priorities including timely execution, consistent product quality and customer collaboration.

What does the project mean for domestic manufacturing?

The ECMS incentive provides policy support for India's advanced battery materials manufacturing ambitions.

TACC's planned capacity could create a domestic supply source for anode materials and strengthen the country's position in the growing EV and energy storage manufacturing ecosystem.

The approval remains subject to ECMS guidelines and prescribed conditions.