Carbon materials manufacturer TACC Ltd announced on Wednesday that it has received a credit facility of Rs 12.3 billion sanctioned by the State Bank of India (SBI) to fund its upcoming lithium-ion battery-grade graphite anode manufacturing facility in Dewas, Madhya Pradesh.

According to the company, the funding will support the establishment of a greenfield plant with an annual capacity of 20,000 metric tonnes of graphite anode material. The facility will be one of India’s first of its kind, marking a key milestone in developing a self-reliant domestic ecosystem for advanced energy materials.

TACC Ltd, a wholly-owned subsidiary of HEG Ltd and part of the LNJ Bhilwara Group, said the project reinforces its commitment to India’s clean energy transition and localisation of high-value technologies.

The company stated that the Dewas facility will manufacture battery-grade graphite anodes, a vital component in lithium-ion batteries used in electric vehicles and energy storage systems. The initiative is aimed at advancing India’s efforts toward technological self-reliance in the fast-growing electric mobility and renewable energy sectors.

“The support from the State Bank of India is a strong validation of our long-term vision to position India at the forefront of advanced energy materials manufacturing,” said Ankur Khaitan, Managing Director and Chief Executive Officer of TACC Ltd. “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.”

Once operational, the Dewas plant is expected to play a pivotal role in strengthening India’s clean energy manufacturing ecosystem, supporting the nation’s broader transition towards a greener and more self-reliant economy.

TACC Ltd is recognised as a key player in the advanced materials sector, specialising in synthetic graphite and next-generation carbon products that cater to energy storage, electric mobility, and other high-performance applications.