TACC secures Rs 1,230 cr credit facility from SBI

New Delhi, Oct 15 (PTI) Carbon materials manufacturer TACC Ltd on Wednesday said it has received a credit facility of Rs 1,230 crore sanctioned by the State Bank of India for the Lithium-ion battery grade graphite anode facility.

The funding will be utilized to support the company's upcoming greenfield manufacturing facility in Dewas, Madhya Pradesh, which will produce 20,000 MTPA of lithium-ion battery-grade graphite anode material, a company statement said.

The facility will be among the first of its kind in India, marking a major step toward building a self-reliant domestic ecosystem for advanced energy materials, according to TACC Ltd, a wholly-owned subsidiary of HEG Ltd and part of the LNJ Bhilwara Group.

TACC aims to contribute to India's self-reliance in critical technologies by establishing local manufacturing capabilities for battery-grade graphite anodes -- a key component of lithium-ion batteries used in electric vehicles and energy storage systems.

This facility represents a significant step in TACC's commitment to developing advanced materials that support India's growing focus on clean energy and electric mobility.

"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," Ankur Khaitan, MD & CEO, TACC Ltd, said.

Once operational, the plant will play a pivotal role in strengthening India's clean energy ecosystem and supporting the nation's transition toward a greener and more self-reliant future.

TACC Ltd is a key player in the advanced materials sector, with a strong focus on synthetic graphite and next-generation carbon materials. PTI KKS DRR DRR