TACC Limited receives Rs 609.50 crore ECMS approval for Dewas

TACC Limited has received approval for a Rs 609.50 crore incentive under the Electronics Component Manufacturing Scheme for its synthetic graphite anode material project in Dewas, with the first 20,000 metric tonnes per annum phase targeted for commissioning by June 2027. The approval remains subject to scheme guidelines and prescribed conditions.

What incentive has TACC received for the Dewas project?

TACC has received an approval letter for a Rs 609.50 crore incentive under the Electronics Component Manufacturing Scheme (ECMS), administered by the Ministry of Electronics and Information Technology, Government of India. The November 11, 2026 announcement identifies the incentive as relating specifically to TACC's Synthetic Graphite Anode Material project at Sirsoda Industrial Area in Dewas, Madhya Pradesh.

The Rs 609.50 crore approval is conditional rather than an unconditional payment, because TACC said it is subject to ECMS guidelines and prescribed conditions. The filing does not state the timing of any disbursement, the qualifying investment amount, the incentive rate, or milestones that TACC must meet to access the scheme support.

TACC is a wholly owned subsidiary of HEG Advanced Materials Limited and part of the LNJ Bhilwara Group. HEG Advanced Materials disclosed the TACC release to BSE Limited and the National Stock Exchange of India on November 11, 2026 under Regulation 30 of the Securities and Exchange Board of India listing regulations.

What will TACC make at its Dewas facility?

TACC plans to manufacture synthetic graphite anode material at Dewas, a material used in lithium-ion cells for electric vehicles and clean-energy storage. The company describes anode material as a core component of lithium-ion cells and says its facility is intended to serve domestic and international markets.

The Dewas site spans more than 100 acres, according to the announcement. TACC Managing Director and Chief Executive Officer Ankur Khaitan said the facility is designed to make high-performance synthetic graphite anode material to standards required by global cell manufacturers, while highlighting execution, quality consistency and customer collaboration as current priorities.

TACC's stated product focus differs from the separate graphene programme described in its company profile. Alongside the Dewas anode-material plan, TACC said it is advancing commercial graphene production targeting 500 metric tonnes per annum, but the release does not give a commissioning date, location or incentive amount for that programme.

When is TACC targeting production and capacity expansion?

TACC targets commissioning its first 20,000 metric tonnes per annum, or MTPA, phase by June 2027. The company also said the Dewas plant is planned for committed scaled capacity beyond 30,000 MTPA by FY2028-29, setting out a phased expansion path after the initial June 2027 start target.

The company profile on page 3 presents a further capacity figure: it says TACC will have committed expansion of 44,000 metric tonnes serving global cell manufacturers. This is higher than the beyond-30,000-MTPA figure linked to FY2028-29 in the Dewas project update, but the release does not explain whether 44,000 metric tonnes is a longer-term target, a broader capacity measure or an update to the stated Dewas plan.

The distinction matters because the filing gives a clear commissioning month only for the 20,000-MTPA first phase. It provides neither a date for reaching 44,000 metric tonnes nor a phase-by-phase capital, construction or customer-offtake schedule for the expansion beyond June 2027.

How does the ECMS approval fit TACC's stated strategy?

TACC says the ECMS approval supports its ability to execute at scale and contributes to a localized battery-materials value chain. In the November 11, 2026 release, HEG Advanced Materials Chairman, Managing Director and Chief Executive Officer Riju Jhunjhunwala described domestic anode-material production as central to a secure and resilient energy-storage supply chain.

The product is positioned within an energy-storage chain rather than as a finished battery-cell operation. TACC's stated role is to produce anode active material, or AAM, the material used in the anode side of a lithium-ion cell; the filing does not say that TACC will manufacture battery cells, vehicles or storage systems at the more-than-100-acre Dewas site.

TACC's parent describes its wider platform as spanning advanced battery materials, graphene, battery-energy solutions and green power. It also says it is developing future materials including silicon-based anodes, but the Rs 609.50 crore ECMS approval disclosed on November 11, 2026 applies to the synthetic graphite anode material project in Dewas.

What does the filing leave undisclosed about the project?

TACC has not disclosed total project cost, its own funding contribution, debt financing, expected revenue, production ramp-up or customer agreements for the 20,000-MTPA phase. The release consequently establishes the incentive approval and the June 2027 target, but does not quantify the project’s financial return or the impact of the Rs 609.50 crore incentive on TACC's future results.

The announcement also does not state which ECMS conditions apply or what performance thresholds must be achieved. Since the incentive is expressly subject to scheme guidelines and prescribed conditions, the eventual value and timing available to TACC depend on requirements that are not set out in the company disclosure.

Management has given an operating focus rather than a sales forecast. Khaitan said TACC will focus on timely execution, consistent quality and supply reliability through customer collaboration, while the release provides no named customers, contracted volumes or dates for commercial deliveries after the June 2027 commissioning target.

Conclusion

The Rs 609.50 crore ECMS approval gives TACC disclosed government-backed support for a domestic synthetic graphite anode-material project, while the 20,000-MTPA first phase provides the clearest operational benchmark. The release links the Dewas facility to lithium-ion-cell supply chains and places the project within TACC's broader carbon, graphite and graphene materials plans.

The next disclosed milestone is the targeted June 2027 commissioning of the first 20,000-MTPA phase, followed by planned capacity beyond 30,000 MTPA by FY2028-29. Readers should also watch for clarification of the separate 44,000-metric-tonne committed-expansion figure, ECMS conditions, funding details and commercial customer arrangements, none of which were provided in the November 11, 2026 filing.