TACC Limited secures ₹1,230 crore SBI credit for lithium-ion anode material facility in Madhya Pradesh

TACC Limited, a wholly owned subsidiary of HEG Limited and part of the LNJ Bhilwara Group, announced that it has received a credit facility of ₹1,230 crore sanctioned by the State Bank of India.

The funding will be used to develop the company’s proposed greenfield manufacturing facility in Dewas, Madhya Pradesh. The facility will produce 20,000 MTPA of lithium-ion battery grade graphite anode material and is expected to contribute to the creation of a domestic supply base for advanced energy materials.

TACC aims to strengthen local manufacturing capabilities for battery-grade graphite anodes, which are used in lithium-ion batteries for electric vehicles and energy storage systems. The project aligns with national efforts to enhance domestic production capacity in clean energy and mobility technologies.

Ankur Khaitan, MD & CEO, TACC Limited, said: “The support from the State Bank of India is a strong validation of our long-term vision to place India at the forefront of advanced energy materials manufacturing. 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. Through this initiative, we aim to strengthen India’s role in the global shift toward sustainable energy solutions.”

The Dewas facility will use sustainable manufacturing practices and technologies to produce graphite anode materials that meet international quality and environmental standards. Once operational, it is expected to support India’s clean energy ecosystem and contribute to the nation’s transition toward greater self-reliance in advanced materials.

TACC Limited, part of the LNJ Bhilwara Group, operates in the advanced materials sector, focusing on synthetic graphite and carbon materials for applications in construction, textiles, coatings, energy storage, and mobility solutions.

Established in 1961, the LNJ Bhilwara Group operates globally across textiles, graphite electrodes, power generation, information technology, and renewable energy sectors.

Also read: HEG Limited to invest INR 1000 crore into a new manufacturing facility for graphite anode