TACC 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.
The proposed partnership will explore advanced graphite-based anode materials to improve battery performance. The research and development efforts will focus on:
The collaboration is expected to support TACC's efforts to expand its presence in the growing electric mobility and battery materials markets.
Ankur Khaitan, MD and CEO, TACC, added, "This partnership is a strong endorsement of our capabilities, and our focus now is on turning shared intent into execution. We are committed to developing next-generation anode materials, driven by innovation and delivered with the consistency and quality that our partner expects."
Also Read: How Silicon Anodes Could Reshape India's EV Battery Market
Separately, TACC Ltd received approval on Wednesday for an incentive of Rs 609.50 crore under the Electronics Component Manufacturing Scheme (ECMS). The incentive, approved by the Ministry of Electronics and Information Technology (MeitY), is for its synthetic graphite anode material project in Dewas, Madhya Pradesh.
The approval is subject to scheme guidelines and prescribed conditions. The project is located in the Sirsoda Industrial Area and covers more than 100 acres. Its first phase will have an annual production capacity of 20,000 metric tonnes (MTPA).
TACC is targeting June 2027 for commissioning the first phase. The project, along with the new supply agreement, strengthens the company's plans to build domestic manufacturing capabilities for EV battery materials and serve the growing global demand for advanced battery components.
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