India, Nov. 11 -- TACC Limited, a wholly owned subsidiary of HEG Advanced Materials Limited, has received an approval letter for an incentive of Rs. 609.50 crore under the Electronics Component Manufacturing Scheme (ECMS) of the Ministry of Electronics and Information Technology (MeitY), Government of India.
The incentive is for the company's synthetic graphite anode material project at Sirsoda Industrial Area in Dewas, Madhya Pradesh, subject to scheme guidelines and prescribed conditions.
Spread across more than 100 acres, the facility is planned to have a committed capacity of over 30,000 metric tonnes per annum (MTPA) by FY29. The first phase, with a capacity of 20,000 MTPA, is targeted for commissioning by June 2027.
The approval is...