TACC’s 20,000 MTPA Dewas Project to Boost Domestic Graphite Anode Production and Strengthen India’s Lithium-Ion Battery Supply Chain
In a major boost to India’s EV and clean energy ecosystem, TACC Ltd, a wholly owned subsidiary of HEG Ltd and part of the LNJ Bhilwara Group, has received ₹1,230 crore in funding from the State Bank of India (SBI) for its upcoming lithium-ion battery-grade graphite anode manufacturing project in Dewas, Madhya Pradesh.
The greenfield facility, with a capacity of 20,000 metric tonnes per annum (MTPA), will focus on domestic production of graphite anodes — a critical component in lithium-ion batteries used in electric vehicles (EVs) and energy storage systems. The project aims to reduce India’s dependence on imports and strengthen its position in the global clean energy supply chain.
“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,” said Ankur Khaitan, Managing Director and CEO, TACC Ltd. He added that the initiative marks a step toward shaping a future where clean energy technologies are designed and produced within India.
The Dewas project will be developed using modern technology and sustainable practices, with the SBI funding directed towards development and commissioning.
TACC focuses on synthetic graphite and next-generation carbon materials, including graphene synthesis for applications across construction, textiles, coatings, energy storage, and mobility.Founded in 1961, the LNJ Bhilwara Group has diversified interests in textiles, graphite electrodes, power generation, IT, and renewable energy. The new project reinforces the group’s commitment to advancing India’s self-reliance in energy materials and contributing to the nation’s green transition.
