HEG Advanced Materials Share Price Rise Over 3%; Subsidiary TACC Receives Approval Letter for ₹609.50 Crore Incentive under ECMS

TACC Limited, a wholly owned subsidiary of HEG Advanced Materials Limited, has received an approval letter for a ₹609.50 crore incentive under the Electronics Component Manufacturing Scheme (ECMS). 

The approval was issued by the Ministry of Electronics and Information Technology (MeitY), Government of India. The incentive covers TACC's synthetic graphite anode material project at Sirsoda Industrial Area in Dewas, Madhya Pradesh.  

It is subject to the scheme's guidelines and prescribed conditions.HEG Advanced Materials informed the stock exchanges about the approval on November 11, 2026. 

Dewas Plant to Start Production in June 2027 

The proposed plant will be spread across more than 100 acres. TACC plans to begin production in the first phase by June 2027, with an annual capacity of 20,000 metric tonnes of anode active material. 

The company has set a target of taking the facility's committed capacity beyond 30,000 metric tonnes per annum by FY2028-29. 

Anode material is used in lithium-ion battery cells, which are used in electric vehicles and energy storage systems. TACC plans to supply manufacturers in both domestic and overseas markets. 

Expansion Plans for Graphite and Graphene 

TACC is also working on expanding its anode active material capacity by a further 44,000 metric tonnes to cater to global cell manufacturers. 

Separately, the company is working towards commercial production of graphene, with a planned capacity of 500 metric tonnes per annum. Its operations cover advanced carbon and graphite materials, supported by in-house research and development. 

HEG Advanced Materials' Business 

HEG Advanced Materials is part of the LNJ Bhilwara Group. Its business includes battery materials, graphene, battery energy solutions and green power. 

The company is also working on silicon-based anodes and other materials. Its manufacturing and research operations build on HEG's more than 50 years of experience in graphitisation and manufacturing. 

The Dewas project is scheduled to enter its first production phase in June 2027, with further capacity expansion planned by FY2028-29. 

Read More: Waaree Energies Share Price in Focus; To Invest ₹15,000 Crore in Green Ammonia Project in Andhra Pradesh! 

HEG Advanced Materials Share Price Performance  

As of November 11, 2026, 10:55 am, HEG Advanced Materials' share price was trading at ₹299.43, up 3.54% from the previous closing price. 

Conclusion  

The incentive approval is for TACC's synthetic graphite anode material project in Madhya Pradesh. Production is targeted to begin in June 2027. 

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