TACC Limited Secures ₹1,230 Crore Credit Facility from SBI for Lithium-ion Battery Anode Facility
HEG's subsidiary, TACC Limited, secured a ₹1,230 crore credit facility from SBI for a greenfield lithium-ion battery anode manufacturing facility in Dewas, Madhya Pradesh.
The credit facility of ₹1,230 crore represents a significant investment in a new, high-growth sector (lithium-ion battery components). This project is strategically important for India's self-reliance in advanced energy materials and could substantially impact TACC's future revenue and market position, thereby having a high impact on HEG Limited.
The announcement of securing a substantial ₹1,230 crore credit facility for a strategic greenfield project, which aims to reduce import dependency and support India's clean energy goals, is a highly positive development for the company and its subsidiary.
HEG Limited's wholly-owned subsidiary, TACC Limited, has announced securing a credit facility of ₹1,230 crore from the State Bank of India. This funding will be utilized to support TACC's upcoming greenfield manufacturing facility in Dewas, Madhya Pradesh. Key details of the project include: * The facility will have an annual capacity of 20,000 MTPA of lithium-ion battery-grade graphite anode material. * This project is among the first of its kind in India, aiming to reduce import dependency and build a domestic energy materials ecosystem. * It aligns with India's clean energy and electric mobility goals, supporting 'Atmanirbhar Bharat' and 'Make in India' initiatives. * The facility will adopt cutting-edge, sustainable technologies to ensure global standards in quality and environmental performance.
Mr. Ankur Khaitan, MD & CEO, TACC Limited, stated, "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. Through this initiative, we aim to strengthen India’s role in the global shift toward sustainable energy solutions."
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HEG Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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