HEG Ltd has informed stock exchanges that its wholly owned subsidiary, TACC Ltd, has signed a long-term nitrogen supply agreement with INOX Air Products Private Ltd (INOXAP). The disclosure was made on 24 February 2026 along with a formal press release attached to the exchange filing.
INOXAP will set up a dedicated nitrogen plant at TACC’s upcoming greenfield manufacturing facility in Dewas, Madhya Pradesh. The plant will be developed on a Build, Own and Operate basis. The agreement provides for a dedicated nitrogen supply setup for TACC’s Dewas facility.
The Dewas unit is being established to manufacture lithium-ion battery-grade graphite anode material. TACC operates in the advanced carbon materials segment, with a focus on synthetic graphite anodes used in electric vehicles and energy storage systems.
It is also engaged in the development of graphene-based derivatives for use in construction, textiles, paints and other industrial applications.
INOX Air Products manufactures industrial, electronic and medical gases. According to the company’s release, it has a liquid gas production capacity of more than 6,000 tonnes per day and operates from over 50 locations across India.
The company serves more than 1,800 manufacturing organisations. It was established in 1963 as Industrial Oxygen Company Ltd in Pune, and in 1999 Air Products & Chemicals Inc., USA acquired a 50% stake.
Read More: HEG’s Capacity Utilisation and Volume Growth Drive Strong Q3FY26 Performance!
As of February 25, 2026, 10:35 am, HEG Ltd share price was trading at ₹569.50, a 0.84% increase from the previous closing price.
With this arrangement, TACC secures nitrogen for its lithium-ion battery material operations. INOX Air Products will establish and run the plant at the Dewas site.
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Published on: Feb 25, 2026, 11:35 AM IST
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