TACC Secures ₹1,230 Crore SBI Funding to Launch Lithium-Ion Anode Facility in Dewas – EQ
In Short : TACC Limited, a subsidiary of HEG Ltd under the LNJ Bhilwara Group, has secured ₹1,230 crore funding from SBI for its lithium-ion battery-grade graphite anode manufacturing facility in Dewas, Madhya Pradesh. The greenfield project will produce 20,000 tonnes per year, strengthening India’s domestic energy materials ecosystem and supporting the country’s clean energy and electric vehicle ambitions.
In Detail : TACC Limited, a wholly owned subsidiary of HEG Ltd and part of the LNJ Bhilwara Group, has secured ₹1,230 crore in funding from the State Bank of India for its lithium-ion battery-grade graphite anode manufacturing facility in Dewas, Madhya Pradesh. This milestone highlights the company’s commitment to advancing India’s energy materials ecosystem.
The greenfield facility aims to produce 20,000 metric tonnes per annum of high-quality graphite anode material. This component is critical for lithium-ion batteries, which power electric vehicles and energy storage systems, supporting India’s transition to cleaner energy and sustainable mobility.
The SBI funding will be utilized for the development and commissioning of the Dewas plant. The project will incorporate modern technology and sustainable manufacturing practices, ensuring efficiency, scalability, and adherence to environmental standards throughout the production process.
TACC’s initiative marks a major step toward building a self-reliant domestic supply chain for advanced energy materials. It aligns with India’s broader goals of enhancing local manufacturing capabilities and reducing dependency on imported battery components.
Ankur Khaitan, Managing Director and CEO of TACC, stated that the support from SBI validates the company’s long-term vision to establish India as a global leader in advanced energy materials manufacturing. The funding strengthens the company’s strategic roadmap for growth.
The Dewas facility is expected to play a pivotal role in reinforcing India’s clean energy ecosystem. It will enable the country to meet growing demand for electric vehicles and energy storage, contributing to both climate goals and technological self-sufficiency.
TACC specializes in synthetic graphite and next-generation carbon materials, with applications across construction, textiles, coatings, energy storage, and mobility solutions. The company’s expertise ensures high-quality output for domestic and international markets.
The LNJ Bhilwara Group, established in 1961, has diversified interests spanning textiles, graphite electrodes, power generation, IT, and renewable energy. TACC’s project reflects the group’s ongoing commitment to innovation and sustainable industrial development.
This development underscores TACC’s role in advancing India’s capabilities in producing critical components for the rapidly growing electric vehicle and energy storage sectors. The Dewas plant will strengthen the country’s position in the global clean energy value chain.
