HEG Limited, a leading manufacturer of graphite electrodes and part of the LNJ Bhilwara Group, has announced that its wholly owned subsidiary, TACC Limited, has secured a credit facility of ₹1,230 crore from the State Bank of India (SBI). The sanctioned loan will be used to partially fund a greenfield manufacturing facility in Dewas, Madhya Pradesh, for the production of lithium-ion battery-grade graphite anode.
In a regulatory filing, HEG stated:
“We wish to inform you that State Bank of India has sanctioned a Credit Facility of ₹1,230 Crores to TACC Limited, a Wholly Owned Subsidiary (WOS) of the Company, as financial assistance for part funding of the project involving development of a greenfield manufacturing plant for production of 20,000 MTPA of lithium-ion battery-grade graphite anode at Dewas, Madhya Pradesh.”
Production capacity
The upcoming facility will have an annual production capacity of 20,000 metric tons of high-performance graphite anode material. The plant aims to strengthen domestic manufacturing capabilities for a critical component in lithium-ion batteries, which are used widely in electric vehicles and energy storage systems. A typical lithium-ion battery comprises four main components: anode, cathode, electrolyte, and separator, along with current collectors—making the anode material a vital part of the battery ecosystem.
This strategic initiative is in alignment with HEG’s broader vision to expand its footprint in the fast-growing battery materials sector and support India’s transition toward sustainable energy solutions. The company believes the new facility will enhance its operational footprint and position it to meet the rising demand for energy materials, delivering long-term value to stakeholders.
TACC noted in its official statement that the Dewas plant will incorporate cutting-edge technology and sustainable manufacturing practices to produce battery-grade graphite anodes that meet global quality and environmental benchmarks. Once operational, the facility is expected to play a pivotal role in the development of India’s clean energy ecosystem and reduce reliance on imports of advanced energy materials.
TACC’s venture into the battery materials space reflects a broader trend of Indian companies investing in clean energy infrastructure. For instance, Waaree Energies recently committed ₹300 crore through its subsidiary Waaree Energy Storage Solutions (WESSPL) to set up a 3.5 GWh lithium-ion advanced chemistry cell manufacturing facility, further supporting the nation’s drive toward green mobility and energy independence.
HEG currently operates one of the world’s largest integrated graphite electrode facilities and focuses on the production of ultra-high power (UHP) electrodes used in steel manufacturing. The company also operates a captive power plant with a capacity of over 77 MW to support its manufacturing operations.
This development marks a significant milestone in HEG’s journey toward building a diversified portfolio in high-growth, future-ready sectors like electric mobility and energy storage.
Electrify your feed! Click here to join our Whatsapp group and to get the latest updates, expert insights, and innovations driving India’s energy storage revolution.
