HEG Advanced Materials climbs after arm secures Rs 609-cr Govt incentive
Mumbai, Nov. 11 -- 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 Electr...
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