+
TACC Secures Rs 12.3 bn SBI Funding for Battery Anode Plant
ECONOMY & POLICY

TACC Secures Rs 12.3 bn SBI Funding for Battery Anode Plant

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code