TACC Limited, a subsidiary of HEG Advanced Materials Limited, has taken a major step towards strengthening India’s electric vehicle battery supply chain after signing a supply agreement with a global lithium-ion cell manufacturer. The announcement, made on November 12, 2026, involves a proposed supply of up to 40,000 tonnes of synthetic graphite-based Anode Active Material (AAM). The partnership also opens opportunities for joint research and advanced battery development. HEG and TACC Sign EV Battery Anode MoU, marking a significant step toward India’s goal of building domestic capabilities in advanced battery materials.
What Is the HEG-TACC Battery Deal?
TACC Limited has signed a non-binding MoU with an undisclosed global lithium-ion cell manufacturer to potentially supply up to 40,000 tonnes of synthetic graphite-based anode material for electric mobility applications. The agreement also includes joint R&D focused on faster charging and higher energy density.
Key Highlights of the 40,000-Tonne EV Battery Deal
The proposed agreement covers several strategic areas:
- Supply Volume: Up to 40,000 tonnes of synthetic graphite-based Anode Active Material.
- Global Partnership: Collaboration with an undisclosed international lithium-ion cell manufacturer.
- Phased Deliveries: Supplies will be progressively scheduled based on technical and commercial finalisation.
- Joint Research: Development of customized anode formulations for next-generation EV batteries.
- Technology Focus: Improving charging speeds and energy density.
- Expansion Potential: Supply volumes could increase as the partner expands its manufacturing capacity.
Importantly, the MoU is non-binding. This means actual deliveries will depend on the finalisation of technical specifications, commercial conditions, and definitive agreements.
Joint R&D to Advance Next-Generation EV Batteries
Beyond the proposed material supply, the partnership places significant emphasis on research and development. Both companies plan to collaborate on customized synthetic graphite anode formulations designed to address the evolving requirements of electric mobility.
Higher energy density can help electric vehicles achieve longer driving ranges, while faster-charging capabilities can reduce charging times. These improvements are increasingly important as automakers and battery manufacturers develop more advanced lithium-ion battery technologies.
HEG and TACC Sign EV Battery Anode MoU also reflects the growing importance of domestic material suppliers in the global EV ecosystem.
TACC’s ₹2,350 Crore Dewas Battery Plant Expansion
The proposed supply arrangement aligns with TACC’s manufacturing expansion in Dewas, Madhya Pradesh.
The company is developing a synthetic graphite anode manufacturing facility across more than 100 acres in the Sirsoda Industrial Area.
Key project details include:
- Phase 1 Investment: ₹2,350 crore.
- Initial Capacity: 20,000 metric tonnes per annum (MTPA).
- Phase 1 Target: June 2027.
- Planned Expansion: Up to 44,000 MTPA by March 2029.
The facility is expected to strengthen India’s domestic production capabilities for critical lithium-ion battery components.
₹609.50 Crore Government Incentive Approved
Adding momentum to the project, TACC received approval on November 11, 2026, for a ₹609.50 crore incentive from the Ministry of Electronics and Information Technology (MeitY) under the Electronics Component Manufacturing Scheme (ECMS).
The government support is expected to assist the company’s manufacturing ambitions and strengthen India’s advanced electronics and battery component ecosystem.
HEG Shares Rise Over 4% Following Announcement
The market responded positively to the development. Following the regulatory filing on November 12, 2026, shares of HEG Advanced Materials climbed more than 4%, reaching an intraday high of ₹301.50.
The announcement follows the September 2026 corporate restructuring, which renamed the parent company HEG Advanced Materials Limited to sharpen its focus on green energy and battery components.
What Does the MoU Mean for India’s EV Industry?
HEG and TACC Sign EV Battery Anode MoU at a time when reliable battery material supplies are becoming increasingly important for electric vehicle manufacturing.
Synthetic graphite is a critical component of lithium-ion battery anodes. Expanding domestic manufacturing could help India strengthen its battery supply chain, reduce dependence on imported materials, and support future EV production.
However, the proposed 40,000-tonne supply remains subject to final commercial and technical agreements. If successfully implemented, the partnership could position TACC as a significant participant in the growing global EV battery materials market.
HEG and TACC Sign EV Battery Anode MoU, highlighting India’s growing ambitions in advanced battery manufacturing and electric mobility.
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