TACC, a division of HEG Limited, was established to produce graphite anodes for lithium-ion batteries. The plant would be built in two phases, with phase one costing $1 billion over the following three years and accommodating 10 to 12 GWH of cell manufacturing capacity.
In phase two, the company intends to invest another 1,000 crore, or around, to double the capacity, providing a total of 20–22 MWH of cell manufacturing capability. In the following five to seven years, HEG hopes to complete both phases.
As a component of the innovation wing, the business would produce graphite anodes for lithium-ion batteries as well as other cutting-edge materials.
In order to support the local industrial growth, the Indian government’s PLI scheme mandates sixty percent domestic value addition for cell production.
