Carbon materials manufacturer TACC Ltd has secured a Rs 12.3 billion credit facility from the State Bank of India (SBI) to fund its lithium-ion battery-grade graphite anode manufacturing facility in Dewas, Madhya Pradesh. The facility will create a greenfield plant with an annual capacity of 20,000 metric tonnes of graphite anode material, marking a key milestone in India’s self-reliant domestic ecosystem for advanced energy materials. The facility will manufacture battery-grade graphite anodes, crucial for lithium-ion batteries used in electric vehicles and energy storage systems In a significant development for India’s clean energy and electric mobility sectors, TACC Ltd.
A wholly owned subsidiary of HEG Ltd and part of the LNJ Bhilwara Group, has secured a ₹12.3 billion credit facility from the State Bank of India (SBI) to fund its upcoming lithium-ion battery-grade graphite anode manufacturing facility in Dewas, Madhya Pradesh. This greenfield project aims to produce 20,000 metric tonnes per annum (MTPA) of high-quality graphite anodes, a critical component in lithium-ion batteries used in electric vehicles (EVs) and energy storage systems The establishment of the Dewas facility is a strategic move to bolster India’s domestic manufacturing capabilities for essential components in the electric mobility and renewable energy sectors.
Strategic Importance of the Dewas Facility
Currently, India relies heavily on imports for graphite anodes, which are vital for the performance and efficiency of lithium-ion batteries. By localizing production, TACC aims to reduce dependency on foreign sources, enhance supply chain resilience, and contribute to the nation’s self-reliance in advanced energy materials The plant will incorporate cutting-edge technology and sustainable manufacturing practices to produce high-performance graphite anode materials that meet global quality and environmental standards. Once operational, the Dewas facility is expected to play a pivotal role in strengthening India’s clean energy ecosystem and supporting the nation’s transition toward a greener and more self-reliant future (Energy).
TACC Ltd stands at the forefront of India’s innovation landscape, driving advancements in advanced carbon and graphite technologies. As a pioneering force in the lithium-ion and energy storage ecosystem, TACC is poised to produce 20,000 MT of Anode Active Materials (AAM) annually in its first phase, with plans to scale up to 100,000 MT. Simultaneously, the company is making major strides in the commercial-scale production of graphene and its derivatives, targeting over 4,000 MT annually The company’s expertise in synthetic graphite and next-generation carbon materials positions it as a key player in the advanced materials sector. TACC’s commitment to.
Financial Backing from SBI
Innovation is evident in its efforts to develop graphene synthesis and its applications across various industries, including construction, textiles, coatings, energy storage, and mobility The ₹12.3 billion credit facility from SBI underscores the financial viability and strategic importance of the Dewas project. Ankur Khaitan, Managing Director and CEO of TACC Ltd, emphasized that the funding is a strong validation of the company’s long-term vision to position India at the forefront of advanced energy materials manufacturing. He stated, “This project is not just an industrial milestone but a step toward shaping a future where clean energy technologies are designed and produced within India.
This initiative aligns with India’s broader goals of promoting clean energy and electric mobility. Government policies, such as the viability gap funding program and mandates for energy storage systems in solar projects, are accelerating the adoption of renewable energy technologies. TACC’s project complements these efforts by localizing the production of essential components for clean energy systems The establishment of a domestic supply chain for graphite anodes will also attract further investments in related sectors, such as battery cell manufacturing and electric vehicle production. By strengthening the entire value chain, TACC’s project contributes to the development of a robust ecosystem for clean energy technologies in India.
TACC’s ₹12.3 billion SBI-funded graphite anode plant in Dewas represents a significant advancement in India’s pursuit of energy independence and sustainable development. By localizing the production of critical components for lithium-ion batteries, the project not only supports the growth of the electric vehicle and energy storage industries but also contributes to the nation’s broader clean energy objectives (Clod). As the project progresses, it is expected to create numerous employment opportunities, stimulate economic growth in the region, and reinforce India’s position as a leader in the global clean energy transition.
