TACC Limited has secured a Rs 1,230-crore credit line from the State Bank of India to finance its upcoming lithium-ion battery anode manufacturing plant. 

The project represents a strategic move into the energy storage value chain, enabling TACC to supply high-quality anode materials critical for electric vehicles and renewable energy storage systems. 

The funding from SBI signifies strong financial confidence in the company’s long-term vision and technological capabilities. 

By entering this emerging sector, TACC aims to support India’s push toward domestic battery manufacturing and reduce dependence on imports. 

Successful execution will hinge on technological efficiency, quality control, and market adoption of advanced batteries.