TACC has received approval for a ₹609.50 crore incentive for its anode-materials project in Dewas, Madhya Pradesh. The announcement gives a specific battery-materials project a place in India’s widening effort to build more of the electronics supply chain at home.
In its November 6 exchange filing, HEG Advanced Materials said its wholly owned subsidiary had received the approval letter under the Ministry of Electronics and Information Technology’s Electronics Component Manufacturing Scheme, or ECMS. The support is subject to the scheme’s guidelines and prescribed conditions.
On the same day, PTI reported, citing IT Secretary S Krishnan, that the government had cleared 12 applications worth more than ₹7,500 crore, including materials and manufacturing equipment. Moneycontrol’s report on the approvals identified TACC among the applicants, alongside projects for copper foil, cathode active material and capital goods.
The Breakdown
The project’s construction timetable is set out in HEG Advanced Materials’ November 3 business update. Its first phase has planned anode-material capacity of 20,000 metric tonnes and had reached 61% overall construction progress. The company targets the start of commercial operations in June 2027.
A second phase would add 24,000 metric tonnes, taking planned total capacity to 44,000 metric tonnes. It targets commercial operations in March 2029 and would use the existing land, infrastructure and power connection at Dewas. These are company plans and dates; the update does not establish that either phase is already producing at that capacity.
The incentive and the investment measure different things
The ₹609.50 crore figure is the incentive covered by TACC’s approval letter. The wider ₹7,500 crore-plus figure describes the value of the newly approved proposals. Reading them together helps explain the policy’s scope, but they cannot be treated as two amounts from the same funding account.
The short exchange disclosure does not report cash received, give a disbursement schedule or allocate the incentive between the two phases. It therefore leaves open when eligible support would turn into a payment. A financing assessment still needs those terms alongside the project’s spending timetable.
Why the upstream layer matters
The approvals reach businesses supplying the inputs and equipment that other factories need. That broadens the industrial task beyond assembling a finished product: more stages of production would need dependable domestic suppliers.
For TACC, the two-phase plan makes that task concrete. The company intends to build the first operating base and then add capacity using the same site’s infrastructure. The later expansion depends on execution over several years, so the full 44,000-tonne plan should remain separate from the capacity available to customers at any particular date.
The Crunch
The useful development is a named materials project receiving conditional support while the wider scheme extends across more of the supply chain. The next milestones are measurable: completed construction, commercial operations, capacity commissioned and incentive payments disclosed. Those updates will show how an approval becomes a working source of battery materials.
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