TACC Secures Rs 12.3 bn SBI Funding for Battery Anode Plant

22 Oct 2025 CW Team

TACC Limited, a wholly owned subsidiary of HEG Limited and part of the LNJ Bhilwara Group, has secured a Rs 12.3 billion credit facility from the State Bank of India to fund its upcoming lithium-ion battery grade graphite anode manufacturing facility.

The greenfield project, coming up in Dewas, Madhya Pradesh, will have an annual capacity of 20,000 MTPA. Among the first-of-its-kind in India, the facility marks a key step toward reducing the country’s dependence on imports and building a domestic ecosystem for advanced energy materials.

TACC’s initiative aligns with India’s clean energy and electric mobility goals under the Atmanirbhar Bharat and Make in India missions. The company aims to strengthen India’s capability in manufacturing critical components for lithium-ion batteries used in electric vehicles and energy storage systems.

Commenting on the milestone, Mr Ankur Khaitan, Managing Director and CEO of 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.”

The Dewas facility will deploy state-of-the-art and sustainable technologies to ensure global standards in quality and environmental performance. Once operational, it is expected to play a pivotal role in strengthening India’s clean energy infrastructure and advancing self-reliance in the sector.

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