HEG Advanced Materials climbs after arm secures Rs 609-cr Govt incentive

HEG Advanced Materials rallied 3.16% to Rs 298.45 after the company?s subsidiary, TACC received the approval letter for an incentive of Rs 609.50 crore under the Electronics Component Manufacturing Scheme (ECMS).

The approval was granted by the Ministry of Electronics and Information Technology (MeitY), Government of India, for TACC?s Synthetic Graphite Anode Material project at the Sirsoda Industrial Area in Dewas, Madhya Pradesh. TACC is part of the LNJ Bhilwara Group. The incentive is subject to the applicable scheme guidelines and prescribed conditions.

Spread over 100 acres, the Dewas facility aims for a committed scaled capacity exceeding 30,000 metric tonnes per annum (MTPA) by FY2028-29. The initial phase of 20,000 MTPA is scheduled to be commissioned by June 2027.

Riju Jhunjhunwala, chairman, managing director and CEO, HEG Advanced Materials, said, ?We are grateful to the Government of India and the Ministry of Electronics and Information Technology for this support, and for their vision of building a strong electronics component manufacturing base in the country. The approval under ECMS is a strong endorsement of TACC?s technology and of our belief that India can build a globally competitive battery materials value chain at home. Anode material sits at the heart of every battery cell, and producing it at scale in India is central to a secure and resilient energy storage supply chain.?

Ankur Khaitan, managing director and CEO, TACC, said, ?The support under ECMS strengthens our ability to execute at scale. Our Dewas facility is designed to deliver highperformance synthetic graphite anode material that meets the standards of global cell manufacturers. Our focus now is on timely execution, consistent quality and close collaboration with customers to ensure supply reliability. We thank the Ministry of Electronics and Information Technology for its support.?

HEG Advanced Materials, a part of the LNJ Bhilwara Group, a part of the LNJ Bhilwara Group, is a new-age platform spanning advanced battery materials and graphene, with a strong manufacturing, R&D and innovation foundation, and is also engaged in the business of battery energy solutions and green power.

The company?s consolidated net profit jumped 58.34% YoY to Rs 306.66 crore in Q2 FY27. Net sales surged 144.37% to Rs 429.94 crore in Q2 FY27 compared with Rs 175.94 crore in Q2 FY26.

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