HEG's TACC inks INOXAP deal for battery graphite anode Nitrogen supply

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AuthorAbhay Singh|Published at:
HEG's TACC inks INOXAP deal for battery graphite anode Nitrogen supply
Overview

HEG Limited's subsidiary, TACC Limited, has partnered with INOX Air Products (INOXAP) to establish a dedicated onsite Nitrogen plant at its Dewas, Madhya Pradesh facility. This strategic move secures a consistent, high-purity Nitrogen supply, crucial for TACC's production of advanced graphite anode materials essential for electric vehicles and energy storage solutions, enhancing process efficiency and product quality.

HEG's TACC Partners INOX Air Products for Critical Nitrogen Supply for Battery Anode Production

February 24, 2026

HEG Limited's wholly-owned subsidiary, TACC Limited, announced today a significant long-term partnership with INOX Air Products (INOXAP).

This collaboration will see INOXAP establish and manage a dedicated onsite Nitrogen plant at TACC's new facility in Dewas, Madhya Pradesh.

What just happened (today’s filing)

TACC Limited, HEG's arm focused on advanced battery materials, has entered a strategic, long-term partnership with industrial gas giant INOX Air Products.

The agreement ensures a dedicated onsite Nitrogen plant to be managed by INOXAP at TACC's upcoming facility in Dewas, Madhya Pradesh.

This critical input will support TACC's production of lithium-ion battery-grade graphite anode material.

Why this matters

Securing a consistent, high-purity supply of Nitrogen is vital for the manufacturing of high-quality graphite anode materials used in electric vehicle (EV) batteries and energy storage solutions.

This partnership aims to enhance TACC's process efficiency and product quality, directly supporting its ambitious entry into the burgeoning EV battery ecosystem.

The backstory (grounded)

HEG Limited, a leader in graphite electrodes, has been diversifying into advanced carbon and graphite materials through its subsidiary, TACC Limited.

TACC is developing a significant graphite anode manufacturing facility in Dewas, Madhya Pradesh, a project involving substantial investment and secured funding from SBI.

The production of synthetic graphite anode material, a key component for next-generation batteries, requires stringent purity levels, making a reliable Nitrogen supply paramount.

What changes now

  • TACC Limited gains a dependable, high-purity Nitrogen supply integrated directly at its manufacturing site.
  • The partnership bolsters TACC's capability to produce advanced anode materials for the rapidly growing EV and energy storage sectors.
  • It enables TACC to enhance process efficiency and maintain stringent product quality standards required for battery components.
  • The collaboration signals HEG's strategic commitment to expanding its footprint in the clean energy value chain.

Risks to watch

  • HEG Limited's promoter group members recently faced SEBI penalties for insider trading violations.
  • The company had previously received a significant GST demand notice for ₹282.34 crore.
  • TACC's graphite anode project involves substantial capital expenditure, making timely execution and demand realization crucial.

Peer comparison

HEG's venture into battery anode materials places it alongside other Indian players actively investing in this high-growth sector.

Graphite India is investing ₹4,330 crore in synthetic graphite anode materials.

Epsilon Advanced Materials is also establishing a ₹4,000 crore synthetic graphite anode plant in India.

These companies are all aiming to capture market share in the crucial EV battery supply chain.

Context metrics (time-bound)

  • INOX Air Products operates over 48 locations across India with a manufacturing capacity exceeding 4200 TPD of liquid gases, serving over 1800 manufacturing organizations.
  • TACC Limited aims to produce 20,000 metric tonnes per annum of lithium-ion battery-grade graphite anode material at its Dewas facility.

What to track next

  • Progress on the construction and commissioning of the onsite Nitrogen plant by INOXAP.
  • Updates on TACC's overall progress for its graphite anode manufacturing facility in Dewas.
  • Any further collaborations or supply agreements TACC secures for its anode materials.
  • Broader market developments in the Indian EV battery ecosystem and demand for anode materials.
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