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TACC Signs MoU for Supply of 40,000 Tonnes of EV Battery Anode Material
Industry News- Nov 12,26
TACC signs a non-binding MoU with a global battery manufacturer for up to 40,000 tonnes of synthetic graphite anode material and joint R&D.
Mumbai
TACC Limited (The Advanced Carbons Company), part of the LNJ Bhilwara Group, has signed a non-binding Memorandum of Understanding (MoU) with an unnamed global lithium-ion cell manufacturer for the proposed long-term supply of up to 40,000 tonnes of synthetic graphite-based Anode Active Material (AAM), strengthening its position in the electric vehicle (EV) battery supply chain.
The agreement represents a significant step in TACC's efforts to expand its presence in the global battery materials market and support the growing demand for advanced energy storage technologies. The proposed arrangement focuses on supplying synthetic graphite anode materials for electric mobility applications, with provisions for scaling up volumes as the partner's battery cell manufacturing capacity expands.
Under the non-binding MoU, both companies will work towards establishing a progressive supply arrangement, subject to further technical and commercial discussions and the finalisation of mutually agreed requirements. The proposed supply volumes and commercial commitments will depend on the outcome of these negotiations.
Beyond material supply, the collaboration will explore joint research and customised material development, particularly advanced anode formulations designed to improve charging speeds and increase energy density in lithium-ion batteries.
These capabilities are becoming increasingly important as EV manufacturers seek to develop batteries offering faster charging, extended driving ranges and improved overall performance. Advanced synthetic graphite anodes play a critical role in supporting these requirements by influencing battery efficiency, charging characteristics and energy storage capabilities.
Riju Jhunjhunwala, Chairman, TACC Limited, said: "We have long understood graphite, and this partnership reflects the trust that global leaders are placing in our capabilities. It marks a significant step in our commitment to the global energy transition and to building a resilient, globally competitive battery materials value chain.”
The proposed partnership aligns with TACC's strategy to establish itself as a supplier of advanced battery materials to international lithium-ion cell manufacturers. By combining large-scale manufacturing ambitions with specialised research and development, the company aims to address evolving technical requirements across the electric mobility and energy storage sectors.
Ankur Khaitan, Managing Director and CEO, TACC Limited, said: "This partnership is a strong endorsement of our capabilities, and our focus now is on turning shared intent into execution. We are committed to developing next-generation anode materials, driven by innovation and delivered with the consistency and quality that our partner expects.”
TACC, a wholly owned subsidiary of HEG Advanced Materials Limited, specialises in advanced carbon and graphite technologies. The company is developing a portfolio of carbon-based materials and engineered solutions for battery manufacturing, energy storage and other industrial applications.
As part of its manufacturing expansion, TACC plans to establish an initial annual production capacity of 20,000 metric tonnes of anode active material, alongside a stated expansion commitment of 44,000 metric tonnes to serve global battery cell manufacturers.
The company is also advancing commercial graphene production, targeting a capacity of 500 metric tonnes per annum. These initiatives are supported by in-house research, product development and manufacturing capabilities intended to strengthen its position across emerging advanced materials markets.
HEG Advanced Materials, part of the LNJ Bhilwara Group, operates across advanced battery materials, graphene, battery energy solutions and green power. Drawing on more than five decades of HEG's expertise in graphitisation and manufacturing, the company is developing capabilities spanning materials research, product engineering and commercial-scale production.
Its technology development pipeline also includes next-generation materials such as silicon-based anodes, which are being explored across the battery industry for their potential to improve energy density and support higher-performance lithium-ion cells.
The proposed collaboration comes amid increasing global demand for diversified and resilient battery material supply chains, driven by the expansion of electric mobility and battery energy storage systems (BESS).
For India, domestic production of synthetic graphite anode materials represents an opportunity to strengthen participation in the international battery value chain while supporting the localisation of critical components used in electric vehicles and energy storage applications.
The MoU could provide TACC with a pathway to establish long-term relationships with international battery manufacturers, subject to successful technical validation, commercial negotiations and definitive supply agreements.
With its planned production expansion and focus on advanced anode development, TACC aims to strengthen its position in the global energy transition ecosystem while contributing to India's emergence as a manufacturing hub for next-generation battery materials.
TACC Limited
HEG Advanced Materials
LNJ Bhilwara Group
Riju Jhunjhunwala
Ankur Khaitan
Lithium-Ion Battery Industry
Synthetic Graphite Anode Materials
Electric Vehicle Manufacturing
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