Dewas (Madhya Pradesh), 6th March 2024: The Advanced Carbons Company (TACC), a subsidiary of HEG Limited on Friday performed the Bhumi Pujan of its graphite anode manufacturing facility in Sirsoda village located in Dewas district of Madhya Pradesh. The auspicious ceremony took place in the virtual presence of Chief Minister of Madhya Pradesh, Dr. Mohan Yadav.

Minister of MSME (MP) Chetanya Kumar Kasyap; Member of Parliament Mahendra Singh Solanky; MLA (Sonkatch) Dr. Rajesh Sonkar and TACC Chairman Riju Jhunjhunwala graced the event, underscoring the profound significance of this momentous occasion.

HEG Limited (an LNJ Bhilwara Group company), which is a leading graphite electrode manufacturer across the globe, will invest about INR 1850 crores on this latest greenfield project. The investment will be done through LNJ Bhilwara Group’s newly formed, fully-owned subsidiary of HEG Limited – TACC. The unit spread over 100-acre of land will manufacture 20,000 MT PA of anode material to meet the evolving energy storage and mobility needs.

Speaking on the occasion, Shri. Ravi Jhunjhunwala, Chairman- LNJ Bhilwara Group said, “This new venture of LNJ Bhilwara Group is a step to accelerate India’s journey to achieving the net-zero emission target by 2070. The project aligns with our Prime Minister Narendra Modi’s push for Aatmanirbhar Bharat Abhiyan. We have set foot in Madhya Pradesh over 50 years ago with our graphite plant in Mandideep – this is now a global milestone with the single largest graphite plant setup in one location. Therefore, I have every reason to believe Madhya Pradesh will become a significant manufacturing hub.”

Riju Jhunjhunwala, Chairman- TACC Limited said, “China currently dominates about 90% of the anode production market. TACC is an attempt by the LNJ Bhilwara Group to position India in the green energy landscape and reduce our carbon footprint. Our company has a strong focus on R&D and with the advanced materials we are geared up to cater to other sophisticated materials like Graphene, Hard carbon for sodium ion batteries and graphite for Hydrogen applications as well.”

Ankur Khaitan, MD & CEO- TACC Limited said, “Our mission is to support Indian manufacturers by supplying world-class quality anode material. Also, our mission is expected to reduce the dependency of the Indian industries on imports. The upcoming plant will cater to about 20 GWh of cell manufacturing capacity and we are likely to generate directly and indirectly about 1000 new jobs. This project signifies not just a monetary commitment but a bold step towards innovation, sustainability, and prosperity.”

The production of these essential lithium-ion battery components locally in India will reduce the cost of cell production, helping the country advance its green energy goals.

What is Anode?

Graphite anodes serve as a critical component in various industries, including lithium-ion batteries for electric vehicles, renewable energy storage, and electronics. As the world transitions towards cleaner energy sources and sustainable technologies, the demand for high-quality graphite anodes is poised to skyrocket. Our project aims to meet this burgeoning demand head-on, positioning itself as a global leader in the segment.