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SBI Sanctions ₹1,230 Cr Credit to TACC for Lithium-ion Battery Anode Plant in MP

Leading solar firms including Waaree Energies, are also investing in setting up new lithium-ion battery manufacturing facilities across India, investing ₹300 crore to establish a 3.5 GWh lithium-ion advanced chemistry storage cell manufacturing plant.

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SaurEnergy News Bureau
Lithium-ion Battery Anode Plant in MP

TACC has secured a ₹1,230 crore credit facility from the State Bank of India (SBI). The company, a graphite electrode manufacturer, is a subsidiary of HEG, part of the LNJ Bhilwara Group. Atypical Lithium ion battery  has four key components, namely, anode, cathode, electrolyte, separator, besides current collectors.

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In a press release, TACC stated that the funding would support its upcoming greenfield manufacturing facility in Dewas, Madhya Pradesh. The facility is expected to produce 20,000 MTPA of lithium-ion battery-grade graphite anode material, contributing to the development of a domestic ecosystem for advanced energy materials.

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Other Indian companies, such as Waaree Energies, are also investing in lithium-ion battery manufacturing. Waaree previously invested ₹300 crore in its subsidiary, Waaree Energy Storage Solutions (WESSPL), to establish a 3.5 GWh lithium-ion advanced chemistry storage cell manufacturing plant. 

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About The Project

TACC is establishing local manufacturing capabilities for battery-grade graphite anodes – a key component of lithium-ion batteries used in electric vehicles and energy storage systems. This facility represents a significant step in TACC’s commitment to developing advanced materials that support India’s growing focus on clean energy and electric mobility. 

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The Dewas facility will integrate cutting-edge technology and sustainable manufacturing practices to produce high-performance graphite anode materials that meet global quality and environmental standards. Once operational, the plant will play a pivotal role in strengthening India’s clean energy ecosystem and supporting the nation’s transition toward a greener and more self-reliant future. 

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Manufacturing Plant Lithium ion Battery Credit Facility SBI Waaree Energies Lithium ion
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